GBPAUD Currency pair flag

Latest GBP AUD Analysis and Forecasts

GBPNZD and GBPAUD Still Bearish – Elliott wave analysis

GBPNZD can be trading in a big, bearish movement, down from March high. We see price in a third leg of a bigger decline, where price is unfolding a wave iv correction. Wave iv is a pause within the trend and can look for resistance/bearish turn at the 1.96/1.97 zone, where former swing high of a wave iv), and Fib. Ratios of 23.6 and 38.2 can slow temporary bulls down.



GBPAUD is trading similar, however here we see price already declining into a sub-wave v of 3 as part of a bigger, bearish reversal. Possible support for sub-wave v of 3 is at 1.76/1.74 region, where Fib. Ratio of 61.8 can slow the bears down. Also, a later rise above the upper Elliott wave channel line, connected from 1.953 level will suggest a correction of a higher degree, wave 4 to be underway.



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GBP AUD Currency Converter

Other major currency pairs

BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.

GBP/AUD – Live and Historical Rates

Both the British Pound and the Australian Dollar are major currencies. They are indeed among the most traded currencies in the world, though the pair that they make according to the above format, is not a major. The chart above shows the amount of AUD needed to purchase a GBP. As it’s obvious from the said chart, the GBP has been losing value against the AUD lately.


As said above, the GBP is a major currency indeed. It is in fact the third largest reserve currency and the 4th most traded one. It is also the oldest currency still in use today and its value has remained impressively high over time. The GBP has been floating since 1971.

Over the last few decades, besides being a simple currency, it has become a sort of sovereignty symbol for the UK: the country has refused to join the EUR, and now with Brexit a decided matter, it’s safe to say the GBP is here to stay.

 The AUD

The AUD started out pegged to the pound, in reflection of the colonial relationship which existed at the time between the two countries. Introduced in 1966, the AUD then spent some time pegged to the USD as well. Since 1983, it has been floating though, and being relatively stable, it required no major interventions on the part of the government. Due to its exposure to the Asian markets (Japan, Korea and China are indeed some of Australia’s biggest trade partners), the AUD has become a popular choice for currency traders looking for diversification.

GBPAUD Analysis

The primary engines of the Australian economy are agriculture, mining and metals. That should give traders a decent grasp on what sort of price-movements are most likely to impact the AUD. The UK economy on the other hand, is based on manufacturing, services and finance.