The Australian Dollar has been helped by the decisive victory of the incumbent Australian Labor Party (ALP) at the weekend, although it could be higher.
The Pound is at risk of entering a short-term downtrend against the Australian Dollar.
The Australian Dollar is on the front foot on signs the U.S. and China could begin talks soon aimed at easing the impact of Donald Trump’s trade war.
Exceptionally strong export data might not be enough to arrest a decline in the Australian Dollar.