Free Trial

AUD/GBP: Supported At £0.52 Handle

AUD

AUD/GBP has been supported at the £0.52 handle in recent trade, the £0.52/0.53 range which has persisted since mid September remains intact.

  • In early Asian trade on Tuesday we sit at £0.5235/40, the pair rose ~0.4% on Monday.
  • Bulls look to break the high from 29 Sep (£0.5303), this opens the 200-Day EMA (£0.5325) and the £0.54 handle.
  • On the downside bears focus on the 20-Day EMA (£0.5217), a break through here opens the low from 14 Sep (£0.5139) and the low from 5 Sep (£0.5063).
  • The next macro event is provided by tomorrow UK Aug GDP print.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.