GBP/AUD - Pound to Australian Dollar

AUD/USD AUDUSD’s pullback moves from 0.7540 could be challenged by the 0.7565-70 horizontal-line, which in-turn might trigger the pair’s fresh drop towards 0.7540 re-test, breaking which 0.7520-15 area becomes crucial for traders to watch. Should sellers refrain from respecting the 0.7515 support, the 0.7500 may act as an intermediate halt during the quote’s south-run to … Continue reading Technical Outlook For AUD/USD, EUR/AUD, GBP/AUD & AUD/CAD: 22.06.2017

GBP/USD Ever since the GBPUSD dropped below 1.2770-75 horizontal-line, it never surpassed it on closing basis; however, the pair presently struggles around 100-day SMA level of 1.2630 to hold its plunge of last two-days. Given the pair’s close above 1.2630, it can quickly recover to 1.2690 and then to the 1.2720 prior to confronting with … Continue reading Important GBP Pair’s Technical Update: 21.06.2017

GBP/USD Ever since the GBPUSD reversed from 1.2760-70 horizontal-line, the pair kept trading northwards and is presently trading at two-week high on the day when UK election will decide the fate of Theresa May government. Given the Conservatives’ clear majority, which is more likely, the pair can quickly rise to 1.3045-55 region, breaking which it … Continue reading Technical Outlook For GBP/USD, EUR/GBP, GBP/JPY & GBP/AUD: 08.06.2017

U.K. Election Sparking Speculation The Pound is testing important resistance in early trading this morning. However, because of the U.K election being held all day long, traders should expect whipsaw movements throughout the day. The short-term trading indicates the 1.30 price level could be a focus for investors. But it is important to note risk … Continue reading Tactics and Analysis – Pound Volatility is a Certainty Today