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8 Jul 2013
GBP/AUD dips and holds below 1.65 mark
FXstreet.com (Barcelona) - The GBP/AUD foreign exchange cross rate is last trading at 1.6437 practically unchanged from previous weekly close Friday, moments ahead of Australian ANZ job advertisements data at 01:30 GMT.
GBP/AUD off almost fresh 3-year highs
The cross is finding resistance below past Monday's lows following extreme Pound and Aussie weakness combined. The GBP/AUD could not hold near fresh almost 3-year highs printed last Wednesday at 1.6623 on the back of positive UK PMI services data, though still sitting at +7% gains year to date.
GBP/AUD key technical levels
Immediate support to the downside for GBP/AUD lies at Thursday's lows 1.6410, followed by June 27 lows at 1.6344, and Friday's lows at 1.6258. To the upside, closest resistance shows at July 01/02 lows 1.6450, followed by Friday's highs at 1.6509, and July 02 highs at 1.6621.
GBP/AUD off almost fresh 3-year highs
The cross is finding resistance below past Monday's lows following extreme Pound and Aussie weakness combined. The GBP/AUD could not hold near fresh almost 3-year highs printed last Wednesday at 1.6623 on the back of positive UK PMI services data, though still sitting at +7% gains year to date.
GBP/AUD key technical levels
Immediate support to the downside for GBP/AUD lies at Thursday's lows 1.6410, followed by June 27 lows at 1.6344, and Friday's lows at 1.6258. To the upside, closest resistance shows at July 01/02 lows 1.6450, followed by Friday's highs at 1.6509, and July 02 highs at 1.6621.