Australian Dollar Forecast

The Australian Dollar should remain constructively poised against most of its peers in the near term and could be supported by this week's data from Australia and China.

A benign global sentiment and rising stock markets provide the backdrop for further Australian Dollar gains over the coming days.

GBPAUD can extend a recent rally over the coming days as it builds on recent upward momentum stemming from an apparent crisis of confidence in the Aussie.

GBPAUD retains a soft undertone, ensuring the Tuesday decision at the Reserve Bank of Australia, and a potentially soft UK GDP release, risk triggering a break of a critical support zone.

The Australian Dollar's domestic agenda is dominated by the midweek Reserve Bank of Australia (RBA) decision, where another interest rate hike is now expected, but the Bank of England and Federal Reserve are also due to deliver interest rate decisions in what will be a busy week for global markets.

GBPAUD mildly bullish, 1.9330 a potential upside target.

GBPAUD drawdown fades, leaving scope for the rebound to extend.

The Pound's recent selloff against the Australian Dollar has eased over recent days but the exchange rate remains vulnerable to further losses, particularly if Tuesday's Reserve Bank of Australia (RBA) decision is more 'hawkish' than expected.

The Australian Dollar's rebound against the Euro and British Pound can be sustained over the coming months and a rally against the U.S. Dollar could even shape up, according to new research.

GBPAUD looks set to consolidate after the recent selloff left the pair at oversold levels, particularly if renewed fears concerning Chinese property stocks persist.

The Pound to Australian Dollar will unlikely attain the round figure of 2.0 and can fall over the remainder of 2023, according to a new analysis from Bank of America (BofA).

GBPAUD in a short-term downtrend, but look for support at 100-day MA.

Commodities, stocks and risk-sensitive currencies such as the Australian Dollar benefited at the start of a new week amidst a retreat in the Dollar and some positive data out of China.

GBPAUD extends recent pullback from highs as upside momentum wanes.

The Australian Dollar is one of the worst-performing of the major currencies over the course of the past month and year but a better performance awaits into year-end say some analysts, noting the Reserve Bank of Australia will hike interest rates again and that Chinese growth disappointments are peaking.

GBPAUD remains in a clear uptrend that could ultimately allow for further advances to fresh highs over the coming weeks, although near-term weakness is possible over the coming days of August.

GBPAUD uptrend remains alive despite recent pullback.

GBPAUD uptrend remains intact, further gains towards 2.0 possible if key level breaks.

This week, the Australian Dollar's main focus will be Tuesday's interest rate decision at the Reserve Bank of Australia (RBA), which could result in another test of three-year lows against the Pound, or another short-term comeback.

GBPAUD has stabilised and gone higher but significant risks seen this week.