FX News

AUD/GBP Transfer:

All eyes are on the RBA and if they elect to leave rates unchanged, once again, the downward pressure will resume on the AUD against both the EUR and the GBP. The ECB is expected to raise rates later in the week, thereby narrowing interest rate differentials and further adding to the woes of the AUD in the cross rate.

Current Level: 0.5305 (1.8850)
Resistance: 0.5370 (1.8620)
Support: 0.5255 (1.9030)

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