When to Buy AUD? (Daniel Johnson)

AUDGBP Buyers Emerge at 0.55 After Pound Surge

The week ahead is quiet on data releases down under. Chinese retail figures are due on Sunday but I do not expect this to cause significant movement. Eyes turn to CPI figures on Tuesday which could well cause Sterling to take a knock.

Buoyancy levels seem to be between 2.16-2.20 at present. If I was buying AUD I would be looking to get something done if we hit 2.1850 before the 2.20 resistance level is hit.

I do have several large GBP/AUD trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.