primarily due to the strength of the US Dollar and the hawkish stance of the Federal Reserve, which suggests limited interest rate cuts in the near future. This contrasts with the Reserve Bank of Australia (RBA), which, while hawkish, is cautious about inflation and will adjust policies based on economic data. If US economic data continues to be strong,...
Technical analysis of the GBP/AUD pair across multiple time frames, including weekly, daily, and 4-hour charts, indicates a clear and sustained downtrend, despite a lack of major fundamental news. The consistent lower highs and lower lows across these charts support the continuation of this downtrend.
