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Forex: GBP/AUD breaks 1 month high

FXstreet.com (London) - GBP/AUD has been climbing from yearly lows, 1.4381, which was the foundation for the bottom of this cup on the daily chart. It has gained exactly 1000 pips since that point in March.

The pair have benefited from a surprise cut from the RBA and better printed numbers in the UK, along with AUD/USD tumbling below parity in a world economy which have been leading towards the US dollar in renewed positive sentiment for their economy and in the face of problematic woes for China and other Asian and European markets. The pair’s momentum is bullish with both and MACD and CCI that are also appeasing. Near term support on pivot point is seen at 1.5349, which would be a base for a handle formation on the chart with next support coming in that formation at the psychological level and the figure.

Forex: EUR/AUD high 1.3011

The EUR/AUD has extended its bull run above 1.3000 psychological level for a second time this month, pairing it’s highs of summer and May 2012 and eyes for a run up towards 1.3200 the figure.
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Forex: GBP/USD clings to positive territory at 1.5366/70

The GBP/USD has eased off its highs from earlier in the European session (1.5383), though the cross has still managed to cling to positive territory Monday. In the absence of any meaningful data outside of an earlier Chinese release, the cross is now trading at 1.5366/70, still up a modest +0.05% in these moments.
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