Forex: GBP/AUD prints fresh post-floating record lows sub-1.44

GBP/AUD lost this week previous post-floating record lows printed in early 2012 and past week, last at 1.4440, off record lows at 1.4375. The cross has fallen last six consecutive trading days, coming from Feb 27 highs at 1.4876, down -6.05% for the year so far, and -0.98% for the week.

Continued British Pound weakness, last at 1.4903, off fresh 2.5-year lows at 1.4830, the weakest currency among majors for last 2 trading days, even weaker than Yen, combined with Aussie strength, has brought this cross to such lows. AUD/USD is last at 1.0318, off recent fresh 2-week highs at 1.0336, ahead of key risk event later on from the US in the form of retail sales figures, and tomorrow's Aus unemployment change.

Immediate support to the downside for GBP/AUD lies at overnight record lows 1.4375, with unchartered territory underneath, while to the upside, closest resistance shows at current session highs/yesterday's Asian session lows 1.4456, followed by Friday's lows at 1.4530, and Thursday's lows at 1.4589.