The Australian Dollar (AUD) is still underperforming generally and against the British Pound (GBP) extending declines, slipping to 0.5535 (1.8070) early today before recovering to 0.5565 (1.7970). The downward trend could continue as “risk” deteriorates from China lockdown protests. It’s a light week on the economic calendar so big picture mood will dominate moves this week.
Current Level: 0.5560 (1.7985)
Resistance: 0.5625 (1.8370)
Support: 0.5445 (1.7780)
Last Weeks Range: 0.5555-0.5625 (1.7776-1.7999)