Australian Dollar Looking Fragile: Lloyds
- Category: AUD
The Australian dollar looks vulnerable to a deeper setback shows a new anylsis from Lloyds Bank, although other analysts think the currency will refind its winning ways.
GBP/AUD remains above its 21-day moving average and recent breakout zone.
Short-term forecast: GBP/AUD appears to be forming a base following May's selloff, with the balance of probabilities now favouring further recovery.
Aussie Dollar Still Looks Good: Lloyds
- Category: AUD
The Australian dollar remains well supported and the constructive backdrop is intact, Lloyds says, even as the currency absorbs a run of softer domestic data that has trimmed rate hike expectations at the margins.