The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a narrow range on Wednesday morning as Australia's latest GDP figures were overshadowed by wider market jitters. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.88826 (-0.45%)Pound to Dollar (GBP/USD): 1.33528 (+0.01%)Australian Dollar to Dollar (AUD/USD):.
AUD/USD steady amid Middle East war, mixed US data
AUD/USD Price Forecast: Remains below 0.7050, nine-day EMA as bullish bias stabilizes
The AUD/USD pair continued its recent downtrend even as Australia published strong macro data, raising the possibility of a more hawkish RBA. It was trading at the important support level at 0.7000, down from the year-to-date high of 0.7142.
The AUD/USD pair is trading near 0.7011 following geopolitical strikes in Iran and hawkish RBA signals. Key support sits at 0.6986 with resistance at 0.7045.
AUD/USD drops under 0.7000 as US Dollar strengthens amid Middle East war
The Australian dollar to US dollar (AUD/USD) exchange rate hit 3-year highs in February before a limited correction. AUD/USD dipped sharply to lows just below 0.7040 on Monday amid a stronger US currency and slide in risk appetite after the US attacks on Iran.
The AUD/USD pair remained in a narrow range this week as the war in the Middle East. It was trading at 0.7077 on Tuesday, down slightly from the year-to-date high of 0.7147.
AUD/USD Price Forecast: Eyes fresh upside move above 0.7150 on hawkish RBA bets
AUD/USD drops on Iran conflict rhetoric and firm US data
AUD/USD Price Forecast: Finds cushion near 20-day EMA amid US-Iran war-led correction
The AUD/USD exchange rate was highly volatile on Monday morning as market participants reacted to the ongoing developments in the Middle East, where the war between Iran and the US and Iran escalated. The pair was trading at 0.7050.