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Forex pairs in this Article » AUD/USD, EUR/USD, GBP/AUD, GBP/USD (Barcelona) - As EURUSD is currently selling off and USD index is breaking to the upside to fresh session highs above 80, GBPAUD is also near session and weekly lows, last at 1.5468, lowest since Dec 19 on significant Pound weakness and Aussie strength.

The cross is lower -1.13% for the year so far, with 200 day SMA at 1.5450 just 10 pips below current price. GBPUSD printed fresh 16-month highs yesterday following US "fiscal cliff" deal at 1.6381, just to be back at this moment barely above 1.62, while AUDUSD is holding way better around 1.0485, and thus the cross heading lower.

Immediate support for GBPAUD to the downside lies at Dec 19 lows/mentioned 200 day SMA 1.5440/50, followed by Nov 21 highs at 1.5414, and Nov 16 highs at 1.5402. To the upside, nearest term resistance shows at Friday's lows 1.5491, followed by Dec 21 lows at 1.5503, and Dec 31 lows at 1.5523.
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