GBP/AUD Daily Timeframe (DTF) – Fundamental and Technical Analysis
Technical Outlook:
On the DTF, GBP/AUD has broken above the second major key support level at 2.0600, following a period of consolidation between 2.0300 and 2.0600. Price then approached 2.0950, a minor resistance level, where it attracted retail buy orders—creating a liquidity zone. Instead of a clean breakout, price action shows signs of a liquidity grab, triggering stop-losses from buyers.
Currently, the pair is in a liquidity zone. We're waiting for a clean breakout above 2.10450, which could confirm a bullish continuation.
However, we are not underestimating a potential downside move. If price breaks below the 1st major key support at 2.0300, it may signal a short-term bearish reversal—especially if AUD gains momentum from the weakening USD and global risk sentiment favors commodity currencies.
Trade Plan (Bullish Bias):
Entry (Buy Stop): 2.10450
Stop Loss: 2.06300 (below liquidity zone)
Take Profit: 2.20930 (next minor key resistance)
GBP/AUD Daily Timeframe (DTF) – Fundamental and Technical Analysis
Fundamental Outlook:
GBP/AUD continues to exhibit bullish momentum on the daily timeframe, driven by both technical and fundamental factors. Anticipation of a positive UK Claimant Count Change report (forecasted at 30.3K vs. the previous 44.2K) is strengthening the British pound, signaling potential improvements in the UK labor market.
In contrast, while the Australian dollar remains under pressure due to global trade war fears, which have pushed it to five-year lows, and traders are pricing in further rate cuts ahead of this week’s RBNZ meeting with a 22% probability of another 50-basis point cut, recent developments have provided temporary support, with the AUD appreciating by approximately 1% to US$0.6289 due to the weakening U.S. dollar and increased investor interest in alternative currencies amid market volatility from new U.S. tariff announcements.
📌 Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Technical Outlook:
On the DTF, GBP/AUD has broken above the second major key support level at 2.0600, following a period of consolidation between 2.0300 and 2.0600. Price then approached 2.0950, a minor resistance level, where it attracted retail buy orders—creating a liquidity zone. Instead of a clean breakout, price action shows signs of a liquidity grab, triggering stop-losses from buyers.
Currently, the pair is in a liquidity zone. We're waiting for a clean breakout above 2.10450, which could confirm a bullish continuation.
However, we are not underestimating a potential downside move. If price breaks below the 1st major key support at 2.0300, it may signal a short-term bearish reversal—especially if AUD gains momentum from the weakening USD and global risk sentiment favors commodity currencies.
Trade Plan (Bullish Bias):
Entry (Buy Stop): 2.10450
Stop Loss: 2.06300 (below liquidity zone)
Take Profit: 2.20930 (next minor key resistance)
GBP/AUD Daily Timeframe (DTF) – Fundamental and Technical Analysis
Fundamental Outlook:
GBP/AUD continues to exhibit bullish momentum on the daily timeframe, driven by both technical and fundamental factors. Anticipation of a positive UK Claimant Count Change report (forecasted at 30.3K vs. the previous 44.2K) is strengthening the British pound, signaling potential improvements in the UK labor market.
In contrast, while the Australian dollar remains under pressure due to global trade war fears, which have pushed it to five-year lows, and traders are pricing in further rate cuts ahead of this week’s RBNZ meeting with a 22% probability of another 50-basis point cut, recent developments have provided temporary support, with the AUD appreciating by approximately 1% to US$0.6289 due to the weakening U.S. dollar and increased investor interest in alternative currencies amid market volatility from new U.S. tariff announcements.
📌 Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.