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.


GBP/AUD at Risk for Key Reversal Above 1.6977

GBP/AUD is responding to a critical daily support range heading into the close of the week. Here are the updated targets & invalidation levels that matter.
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My Picks: GBP/AUD Pending Daily Breakout
Expertise: Technicals
Average Time Frame of Trades: 1 Week - 2 Weeks



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