This pair denotes how many Australian Dollars are needed to purchase one British Pound. Often, the Australian Dollar is referred to as a risk currency due to its relatively higher interest rates and correlation to global equity markets. The British Pound depreciated relative to the Australian Dollar after 2008 and only began making a significant rebound in 2013 in light of declining growth in China and a slowdown in the global commodity supercycle, which has hurt Australia's largest sector, mining.


Is the downside around GBP/AUD dictaded by the slope?

GBP/AUD trading for three continues months to the downside. Last session of trading showing struggle for GBP/AUD to register meaningful advance. Lower Parallel line providing important support.
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My Picks: GBP/AUD Bearish Breakout.
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