Capitalcore
Well-known member
GBPAUD Technical and Fundamental Forecast H4
The GBP/AUD forex pair, often referred to as the “Pound Aussie,” represents the exchange rate between the British Pound Sterling and the Australian Dollar. This cross-currency pair is influenced by the economic policies, trade dynamics, and macroeconomic data from both the UK and Australia, making it popular among traders who look for volatility and trend-driven opportunities. Its price action reflects a blend of the UK’s financial strength and Australia’s commodity-linked economy, creating diverse trading setups for both short-term and long-term strategies. Fundamentally, today’s GBP/AUD outlook is shaped by upcoming UK data releases, including the British Retail Consortium (BRC) like-for-like retail sales, average earnings, jobless claims, and unemployment rate, alongside Australia’s NAB business confidence report. Stronger-than-expected UK retail and labor market data could boost GBP, signaling a healthier consumer environment and increased inflationary pressure, potentially supporting a more hawkish Bank of England stance. Conversely, upbeat Australian business confidence, backed by stable or optimistic Reserve Bank of Australia policy expectations, could strengthen the AUD. With both economies facing key macroeconomic reports, volatility is likely to increase, and traders will be closely watching for shifts in interest rate expectations and economic momentum to guide GBP/AUD direction in the short term.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the GBP/AUD H4 chart shows that the pair remains in a long-term upward movement, with candles recently approaching the long-term green support line — a likely reason for the recent sideways consolidation within the purple range. If bullish momentum continues, the first target lies at 2.07359, a level where price has reacted repeatedly before. A break above that could see price testing the second target zone around 2.10071, an area previously broken and retested, and which has recently acted as strong resistance. A clear breakout above this zone would signal a continuation of the uptrend. The MACD histogram is hovering near -0.00002, with the MACD line at 0.00237 and the signal line at 0.00239, indicating a slightly bullish bias but still lacking strong momentum. The RSI is at 56.72, suggesting moderate bullish strength without overbought conditions, leaving room for further upside if fundamental catalysts align.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
The GBP/AUD forex pair, often referred to as the “Pound Aussie,” represents the exchange rate between the British Pound Sterling and the Australian Dollar. This cross-currency pair is influenced by the economic policies, trade dynamics, and macroeconomic data from both the UK and Australia, making it popular among traders who look for volatility and trend-driven opportunities. Its price action reflects a blend of the UK’s financial strength and Australia’s commodity-linked economy, creating diverse trading setups for both short-term and long-term strategies. Fundamentally, today’s GBP/AUD outlook is shaped by upcoming UK data releases, including the British Retail Consortium (BRC) like-for-like retail sales, average earnings, jobless claims, and unemployment rate, alongside Australia’s NAB business confidence report. Stronger-than-expected UK retail and labor market data could boost GBP, signaling a healthier consumer environment and increased inflationary pressure, potentially supporting a more hawkish Bank of England stance. Conversely, upbeat Australian business confidence, backed by stable or optimistic Reserve Bank of Australia policy expectations, could strengthen the AUD. With both economies facing key macroeconomic reports, volatility is likely to increase, and traders will be closely watching for shifts in interest rate expectations and economic momentum to guide GBP/AUD direction in the short term.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the GBP/AUD H4 chart shows that the pair remains in a long-term upward movement, with candles recently approaching the long-term green support line — a likely reason for the recent sideways consolidation within the purple range. If bullish momentum continues, the first target lies at 2.07359, a level where price has reacted repeatedly before. A break above that could see price testing the second target zone around 2.10071, an area previously broken and retested, and which has recently acted as strong resistance. A clear breakout above this zone would signal a continuation of the uptrend. The MACD histogram is hovering near -0.00002, with the MACD line at 0.00237 and the signal line at 0.00239, indicating a slightly bullish bias but still lacking strong momentum. The RSI is at 56.72, suggesting moderate bullish strength without overbought conditions, leaving room for further upside if fundamental catalysts align.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
