Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Australian Dollar Analysis vs British Pound & New Zealand Dollar

Australian Dollar Analysis vs British Pound & New Zealand Dollar

Dimitri Zabelin, Analyst


What's on this page

Australian Dollar, New Zealand Dollar, British Pound, AUD/NZD, GBP/AUD – TALKING POINTS

  • GBP/AUD selloff is stalling at critical juncture just above a three-year uptrend
  • Cracking the slope of appreciation with follow-through could catalyze a selloff
  • AUD/NZD has again failed to break five-year resistance – what happens next?

GBP/AUD Forecast

GBP/AUD is stalling at key price shelves in a multi-month support range between 1.8653 and 1.8547 (gold-dotted lines). If selling pressure does not abate and the pair breaks below the lowest tier, it could expose the three-year uptrend. Shattering that with follow-through could mark a tectonic shift in the pair’s trajectory and could potentially catalyze a selloff of notable magnitude.

GBP/AUD – Daily Chart

Chart showing GBP/AUD

GBP/AUD chart created using TradingView

AUD/NZD Outlook

After bottoming out at a multi-year low, AUD/NZD quickly rebounded over 6.80 percent and shattered several ceilings along its ascent. However, recent price action suggests the pair may experience a pullback. While past performance is not indicative of future results, AUD/NZD has once again failed to break through a five-year descending resistance channel.

AUD/NZD – Daily Chart

Chart showing AUD/NZD

AUD/NZD chart created using TradingView

Looking at a monthly view shows every prior attempt to breach the slope of depreciation has subsequently been met with a retreat. The scope of the potential pullback is unclear, though capitulation again could cast a bearish shadow over the pair and aggravate selling pressure. See the fundamental backdrop for AUD in the week ahead here.

AUD/NZD – Weekly Chart

Chart showing AUD/NZD

AUD/NZD chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitri Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.