OctaFX | OctaFX Forex Broker
Open trading account

Flash: GBP/AUD looks to target 1.5200 – Westpac

FXstreet.com (Barcelona) - According to Sean Callow, a Global FX Strategist at Westpac, “After an 8% rally since early April, GBP/AUD probably has enough bad AUD news priced in near-term, suggesting risks back towards 1.5200.”

Indeed, AUD sentiment is likely to be the key swing variable in coming weeks and months, with the UK economy grinding out no better than modest growth and incoming BoE governor Carney not likely to rush to change policy in July. “The GBP/AUD could find support on a sell-off at the 200-day average, currently 1.5200. Obvious resistance should lie around 1.5660, which found sellers in both Jan and May, then around 1.5760, which proved solid in October 2012.” he adds.

USD/MXN in multi-week highs around 12.5000

The Mexican peso is sharply lower against the buck on Friday, after mixed results from the Aztec economy are pushing the pair beyond 12.5000, levels last seen in late March. ...
Read more Previous

USD/CAD pullbacks contained around 1.0310/15

The US dollar resumed its momentum against the CAD on Friday, keeping the cross in the positive territory around 1.0310/15...
Read more Next
Start livechat