When to Buy AUD? (Daniel Johnson)

Australian Dollar Forecast: Why is the AUDGBP Rate Falling?

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 dcj@currencies.co.uk or call on 01494 787 478 and ask for Daniel Johnson.