23 Oct 2013
GBP/AUD consolidating 1.6730 zone
FXstreet.com (Chicago) - GBP/AUD fell to 1.6711 session lows on release of Australian data ahead of Tokyo’s opening and more data in the English speaking country.
Data
Recently published Australian data reveals a disappointing CB leading indicator for August down to -0.2% vs. past 0.3%. Ahead of CPI results, the pair continues giving in to a stronger Aussie.
GBP/AUD Technical Levels
Price action reveals the pair is on corrective channel after visiting 3-month lows and pulling off a bounce above the 1.6720 front. Offered at 1.6733, the pair oscillates between the supports aligned at 1.6658 (October 21st lows), 1.6635 (July 30th lows) followed by 1.6486 (July 26th lows) and the resistances set at 1.6767 (August 12th lows), 1.68 (October 21st highs) ahead of 1.6861 (September 19th highs).
Data
Recently published Australian data reveals a disappointing CB leading indicator for August down to -0.2% vs. past 0.3%. Ahead of CPI results, the pair continues giving in to a stronger Aussie.
GBP/AUD Technical Levels
Price action reveals the pair is on corrective channel after visiting 3-month lows and pulling off a bounce above the 1.6720 front. Offered at 1.6733, the pair oscillates between the supports aligned at 1.6658 (October 21st lows), 1.6635 (July 30th lows) followed by 1.6486 (July 26th lows) and the resistances set at 1.6767 (August 12th lows), 1.68 (October 21st highs) ahead of 1.6861 (September 19th highs).