GBPAUD chart by TradingView

GBP/AUD

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.


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GBPAUD Range Break to Determine Next Leg- Constructive Above 1.62

The risk remains for another low in GBPAUD before resumption of the broader uptrend. Here are the updated targets & invalidation levels that matter.
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GBP/USD Offers Little Brexit Reaction, EUR/USD Scuttles Reversal


British Pound Bogged Down By Brexit and Fears of Economic Weakness


Brexit Bill’s Progress Crucial for GBP/USD Outlook


Webinar: Live Event Coverage: UK GDP (4Q) w/ Senior Currency Strategist Christopher Vecchio


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Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: GBP/AUD Pending Daily Breakout
Expertise: Technicals
Average Time Frame of Trades: 1 Week - 2 Weeks


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