GBP/AUD reaches 2018 low level

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


At the start of April, the GBP/AUD currency exchange rate hit the 2018 low level at 1.7210. Moreover, on April 4, the rate shortly traded below the historical low level. However, a recovery followed, which on April 7 was approaching the 1.7500 mark.

If the Pound surges, compared to the Australian Dollar, above the 1.7500 mark, the rate might be slowed down by the 1.7600 level, before approaching the resistance of the 1.7740/1.7810 zone.

On the other hand, a decline of the rate would look for support in the 2021 low level at 1.7425, the 2018 low level at 1.7210 and the recent 2022 low level at 1.7200.
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