Charting FX: Australian dollar weakness brings clear trend

Cable has been a significant mover over recent weeks. For the past week, we have been in a downward trend, and the pound could go lower. The Australian dollar has broken the 70 cents mark. IG analyst Josh Mahony thinks the currency could go lower after some sort of retracement. He also looks at the New Zealand dollar.

Trade now

Live AUD/NZD | AUD/USD | GBP/AUD prices

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

Find articles by analysts