Aus Dollar Forecasts for Early 2015 vs the Pound and US Dollar (GBP/AUD, AUD/USD)

A growing view amongst forex analysts at present is that the risks for AUD are now starting to become more balanced, i.e the downside risks have started to fade.

Capital expenditure numbers strengthened in the second quarter according to the data which will certainly make Aussie dollar bulls more confident.

"However declining commodity prices and developments in China add to the downside risks for AUD," counter Morgan Stanley, taking something of a longer-term view.

That said, "we remain of the view that AUD could stay well supported and outperform in the near term relative to other G10 currencies in a benign volatility environment, with a spike in asset-market volatility the key risk for AUD-supportive portfolio inflows," continue Morgan Stanley.

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Pound Sterling to Australian Dollar Exchange Rate Forecast (GBP/AUD)

Shaun Osborne at TD Securities have given their latest forecast for the sterling to Aussie dollar rate:

"GBPAUD’s slide has steadied near the April lows in the low 1.77s and while there is scant sign from the price action that a turn up is poised to follow—in fact, the bear trend remains quite intensely entrenched on the short, medium and longer-term charts - the overall shape of price moves through late August do suggest that a squeeze higher cannot be ruled out.

"The declining, narrowing range that has unfolded in the past couple of weeks may be a bull wedge - the pattern implies a loss of momentum in the sell off at least.

"Coming at what is a fairly important point on the charts as the GBP tests the low 1.77 area, we have to pay a little more attention.

"A push above short-term trend resistance at 1.7775 will provide the first warning of a potential push higher (to 1.78/1.80).

"Meanwhile, weakness below 1.77 will refresh bear momentum and set the GBP on course for a further drop to 1.74/1.75."

Australian vs US Dollar Exchange Rate Forecast (AUD/USD)

Commenting on the Aussies chances against the USD analysts at TD Securities say:

"AUDUSD looks a little better supported on the longer-term charts this week but signs of moderately better demand and improving technical signals at this stage (and there are some, such as last week’s “doji” candle, implying the sell off had stalled) are still standing in the shadow of the big, bearish candle signal that effectively called the AUDUSD top and reversal
in late June.

"The broader trend channel is lower still but the ceiling will allow for a move up the low 0.94s, as the short-term charts warn might be on the cards. Above 0.9450 would be positive but new highs are really needed to turn the trend bullish."