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Aug 17 - 06:55 PM
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ANZ: Tactically Neutral on GBP/USD; Prefer Fading GBP Strength Against AUD and NZD.
By eFXdata — Aug 17 - 04:00 PM
ANZ Research discusses its tactical GBP outlook in the near-term.
"Overall, we remain neutral on GBP/USD. On the crosses, we prefer fading GBP strength against AUD and NZD," ANZ notes.
GBP/AUD remains vulnerable as Australia's improving terms of trade continue to support the AUD, and we see any rally in GBP/AUD as a sell opportunity. Technically, GBP/AUD faces near-time resistance at 1.919," ANZ adds.
Source:
ANZ Research/Market Commentary