The Pound is lagging the 1.7850 zone vs its peer against the Aussie after relatively dovish/downbeat remarks from RBNZ Assistant Governor Hawkesby overnight (repeated more room for easing and upping QE if needed as the economic recovery is fragile and uneven), while the RBA rolled out almost identical policy guidance with the addition of acknowledging the fact that it bought bonds recently to reinforce YCT and will continue to as required in response to market conditions. Hence, Aud/Usd is holding near 0.7775 ahead of Q4 GDP and a component breakdown having digested mixed building approvals, current account and net export data. Regards technicals, this pair is likely to take a dive south over the coming weeks and lower prices are possible.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.