The Australian dollar and British pound are the two top performing major currencies this year but today the pound could be putting its Commonwealth cousin on notice.
GBP/AUD is up 0.66% today to the highest in two weeks. The pair will need to surpass a pair of technical hurdles before the upside brightens.
- Spot is at 1.8178 and the June high is just above at 1.8208.
- The pair is trading about 10 pips above the 100-dma, a close above would be the first since March
GBPAUD daily chart
To get back to square on the year the pair will need to climb above 1.8500 but today’s rally is a good start.
