The GBP/AUD currency pair is characterized by volatility of decent strength with a sharp appearance of candlesticks with a length of 50-100 points, which is typical for most pairs with the pound.Like most other cross-pairs, this one also behaves quite unpredictably, and it is not known which is easier: to make a forecast yourself or try to find analytics on the network. Let's figure out these difficult questions and find the answers.General characteristicsThe British pound sterling - Australian dollar is a currency pair that is not very common among most Forex traders. A significant spread in this, as in most other cross pairs, makes it little suitable for scalping, however, due to rapid and sharp price movements in both directions in a short period of time, intraday short-term profitable trading strategies are quite acceptable.GBP/AUD quotes are displayed in the MetaTrader 4 terminal with an accuracy of up to 4 digits (in MT5 - up to five). The main currency is the pound sterling, while the Australian dollar is convertible, that is, the purchase of British pounds for Australian dollars is carried out. Since this is a cross rate, the calculations are carried out through the US dollar, for example, when buying AUD, pounds are sold for dollars, and Australian currency is bought with dollars.Read more: GBP/CHF: online signals, forecasts for today, analysis & featuresTrading forecast and analysisIt is obvious that the GBPAUD currency pair is contradictory and difficult to analyze, especially at the present time. On the one hand, the UK is leaving the EU, the future of which is currently very vague, and there is a possibility of losing Scotland along the way. On the other hand, the country–continent of Australia, whose economy has ups and downs, is highly dependent on natural materials and weather.Exports of food, energy, raw materials and minerals bring a significant part of Australia's income, this plays a significant role in the country's economy (where the services sector is dominant, providing jobs for up to 70% of the working-age population), and AUD is considered a commodity currency.According to experts, up to half of Australian exports are the sale of minerals (metals, oil, gas), but in general, resource extraction brings no more than 7-8% of GDP. Australia's main trading partner is China, whose economic slowdown does not bode well for Australian exporters of energy and raw materials.As in Australia, the UK economy is dominated by the services sector, which provides almost 30% of GDP, primarily financial, brokerage and banking services, famous offshore companies in British overseas territories, insurance and consulting services. The main trading partners of the United Kingdom are the EU (Germany, France, the Netherlands) and the USA.Known since the XVIII century for its power, the English industry eventually faded into the background in importance for the country's economy, but it is still very strong and gives almost 20% of gross income. An important role for the UK is played by oil and gas production focused on the North Sea shelf, but ironically, if a second referendum on Scotland's secession is successful, England risks losing all its northern deposits geographically related to Scotland, which categorically does not want to leave the EU.Despite the fact that Australia has been an English colony for a long time, due to time and local specifics, over the years of independence, the difference in economies has become significant, and the speed of reaction of national currencies to changes in the United States and the world is also very different.Read more: GBP/USD exchange rate (Online Chart), forecast for todayA significant difference in the interest rates of the banks of England and Australia (0.25% and 1.5%) allows you to use this currency pair to earn money according to the carry trade strategy (long-term purchase of a currency with a high refinancing rate for a currency with a low interest rate, in this case, buying AUD for pounds in order to sell after some retention, earning on profit from interest). However, such an approach can be dangerous in crises, as the case of the Japanese yen in 2008-09 has already shown.Of great importance for the Australian dollar is the price of gold, with which the AUD/USD chart is significantly correlated, as well as oil, gas and agricultural products.The GBPAUD pair itself correlates most of all with: AUD/USD -90.8%, AUD/CAD -87.7%, Gold -82.3% (inverse correlation); EUR/AUD 89.7%, EUR/NOK 82%, USD/CAD 76.2% (direct correlation). However, the accuracy of the above percentages is not constant and may change from time to time, both up and down, which must be taken into account in your calculations.Despite the fact that the US dollar does not participate directly in trading here, here, as in other cross-pairs, AUD is converted to USD, USD to GBP, so the US currency still has a significant impact. If you combine the AUD/USD and GBP/USD charts, the resulting value will be very close to what can be seen on GBP/AUD.To make money trading on GBPAUD, it is necessary to take into account the high spreads of the cross pair, which is why it will be profitable to trade in the medium and long term. The currency pair shows good long trends, so it is loved by positional traders.If you want to make money on short–term trading, it is best to use fixed Forex contracts, since they are devoid of spreads, and the profit on transactions is fixed. To make a profit, you need to specify whether the rate will rise or fall at a certain point in time, for example, after 10 minutes.Features of the currency pairGBPAUD does not lend itself well to technical analysis and sometimes behaves contrary to the probable expectations formed by the indicators. It should also be taken into account that the presence of a pound in a pair brings such an unpleasant feature to her behavior as a weak reaction to some, at first glance, important news or even almost complete absence of it.Read more: EUR/AUD: exchange rate, online quotes, signals, forecasts & analyticsDue to the high spread (reaching 10 or more points for some brokers) and a serious level of risk, this pair (as well as most other crosses) is suitable for trading exclusively for experienced traders who already know how to clearly catch trends and correctly track the dynamics of GBP/AUD.Options remain a universal and easier way to trade on this pair, an example of which we showed you a little above.No one forbids trading GBP/AUD and inexperienced Forex traders, but those who want to try their hand at such a difficult element will have to take into account that there is very little really valuable information and good analytics on such an exotic pair on the Internet today, and they will need to rely on their own ...
