GBP/AUD tests 2021 and 2022 high levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In general, the Bank of England and Reserve Bank of Australia have been hiking interest rates to combat inflation. However, the BoE has kept their rates always higher during 2023. Due to this fundamental reason, the GBP/AUD currency exchange rate has been surging throughout 2023.

From a technical analysis perspective the pair has been surging in a channel up pattern since the start of February. Most recently, the rate has reached the 2021 and 2022 high levels. The 2021 high has been pierced, but the 2022 high has held and caused a retracement to 1.9000.

In the case of the Pound resuming its surge against the Australian Dollar, it would need to break the 2022 high at 1.9228. Above this level it is likely that round exchange rate levels are going to act as resistance, before the upper trend line of the channel up pattern would be reached.

A potential decline of the GBP/AUD is going to look for support in the 1.9000 mark, the 50-day simple moving average near 1.8840 and the combination of the 1.0880 mark and the lower trend line of the 2023 ascending channel pattern. If the pattern would be broken, round levels could act as support, prior to the rate reaching the 200-day simple moving average.
Back to articles

Actual Topics

Mon, 24 Jul 2023 13:09:11 GMT

US stocks approach 2022 high

The US Small Caps stock index has surged since early May. Most recently the index was approaching the 2,000.00 mark and the 2022 high at 2,033.50. Meanwhile, it has been spotted that the surge has occurred in a channel up pattern. A continuation of the ongoing surge would have to break the resistance of the 2,000.00 mark and the 2022

Thu, 06 Jul 2023 10:39:49 GMT

EUR/CHF respects moving averages

The broader decline of the European common currency against the Swiss Franc continues. It was spotted in April and June that the pair from time to time finds support and resistance in the 50 and 200-day simple moving averages. Most recently, the pair has remained near 0.9800, as it finds support in the 50-day simple moving average. A passing below

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال