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AUD/GBP: Breaches £0.52 Handle

AUD

AUD/GBP sits at its lowest level since 14 September, falling ~0.3% yesterday, ticking lower through the session as GBP technical flows came to the fore.

  • In early dealing on Tuesday we sit at £5170/75.
  • AUD/GBP remains in a technical downtrend, bears first target the low from 14 Sep (£0.5139), this opens the low from 5 Sep (£0.5063) and cycle lows (£0.5007).
  • To turn the tide bulls are focused on a break of £0.5202, the 20-Day EMA, which opens the high from 29 Sep (£0.5303),the 200-Day EMA (£0.5313) and the £0.54 handle.

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