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Meanwhile, for the Australian dollar, the tensions between Iran and the US grew as US President Donald Trump ordered air-strikes on Iran. This was a blow for the risk-averse Aussie as traders fled to safe-haven currencies like the Swiss franc and the US dollar. The AUD had previously received support after news of the US-China trade deal progress, but the new tensions seemed to be unraveling this optimism. Olivier Jakob, managing director of Petromatrix, was downbeat about the situation stating that it increased the geopolitical risk premium. The holiday period was meant to be a break for traders but now many will be cutting these holidays short and calling for emergency risk meetings.
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Dear i.forex members Good morning
GBP.AUD
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today
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GBPAUD Trend is up
1 Resistance level:1.8819
2 Resistance level:1.8598
3 Resistance level:1.8366
1 Supporting level:1.8034
2 Supporting level:1.7942
3 Supporting level:1.7659
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Today market trend:Sell
Resistance and Support points also given has signal of market down
Technical indicators and Moving average se bhi market down hoti nazar aati hai
Agar ap profit hasil karna chahte hain to sell ki trade laga dein
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Pound Sterling (GBP) Live: Outlook Forecasts and Latest News presented in rolling live format.
Latest GBP/AUD Exchange Rate: 1.8821
Current Month High: 1.90916
Current Month Low: 1.80759
Current Week High: 1.89315
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Resistance and Supporting level is :
Current price is: 8.6457
1> Resistance Level is :8.6470
2>Resistance Level is : 8.6483
3>Resistance Level is:8.6496
Daily supporting level
1> Supporting Level is : 8.6445
2>Supporting Level is: 8.643
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Resistance and Supporting level is :
Current price is: 8.6457
1> Resistance Level is :8.6470
2>Resistance Level is : 8.6483
3>Resistance Level is:8.6496
Daily supporting level
1> Supporting Level is : 8.6445
2>Supporting Level is: 8.643
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The trading rang today is among the major support @ 33.30 and the key of resistance @ 35.70.
The general over short term basis is to the downside targeting 34.10 as far as area of 33.30 .
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gbp.aud
Resistance UP ^
pivot point # 1.8967
1#Resistance 1.8970
2# Resistance 1.8980
3# Resistance 1.9004
Support DOWN V
1# Support 1.8934
2# Support 1.8946
3# Support 1.8913
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AUD Suffers Decline as Bushfires Rage On
Australia is dealing with one of its biggest natural disasters in years. Added on top of this, the currency is suffering as investors worry that the RBA’s hand is being forced into making an interest rate cut in February. The cuts were on the table but with the ongoing fires and the hit to Australian economic growth as a result, the bank may have no other choice than to lower the rates to boost growth in the aftermath of the disaster – whenever that may be. The GBP/AUD exchange rate jumped 0.80% to reach 18984 at the start of the week, with further gains made during yesterday’s trading session taking the GBP/AUD rate above 1.90.
The market had not priced an interest rate cut this early into 2020, previous rumours suggested a cut may happen but that it would occur well into 2020, rather than February. As a result, the bringing forward of the rate cut would lead to weakness in the AUD. As markets scramble to prepare
