GBP/AUD losing the short term ascending trend

FXStreet (Guatemala) - GBP/AUD had been climbing north on the five minute charts, but the RBA’s Monetary Policy Statement has put a dent in that attempt and the pair is kept within the resistance line from 1.8400.

GBP/AUD is lower based upon the RBA upgrading both growth and inflation projections sending a hawkish message to the market and lifting the AUD. GBP/AUD currently trades on the 1.82 handle within 10 pips of the figure.