FX News

AUD/GBP Transfer

The Australian Dollar (AUD), British Pound (GBP) has been unmoved since Wednesday sitting around the 0.5100 (1.9600) mark into early Tuesday sessions. Australian Retail Sales surprised at 0.5% vs 0.2% expected in July and up from -0.8% in June. Food and FIFA Women’s World Cup to blame for the unexpected rise in spending. Looking ahead we have the Australian monthly CPI forecast to print around 5.2% in July down from June’s 5.4%. The pair has crossed above the 100-day moving average this morning signalling we may see a little more AUD strength to come.

Current Level: 0.5096
Resistance: 0.5165
Support: 0.5000
Last Weeks Range: 0.5017 – 0.5107

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