Automatic wave scan: as of 20 Oct 2026, the automatic daily count for GBP/AUD is Wave B up with a bearish bias. The count stays valid while price holds 1.9259.
Current GBP/AUD wave count
Automatic wave scan Updated daily from the latest daily close (20 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: the five wave advance from 1.8550 (14 May 2026) looks complete and price is in wave B, a counter move inside a correction. Next levels to watch are 1.9146 and 1.9192. The view fails on a daily close above 1.9259.
Key levels
| Type | Levels |
|---|---|
| Resistance | 1.9259 · 1.9359 |
| Support | 1.8733 · 1.9002 |
| Invalidation | 1.9259 |
What is GBP/AUD?
GBP/AUD combines two currencies with very different drivers. The pound moves on UK data and politics, while the Aussie follows commodities and China.
Its daily ranges often exceed 100 pips, which attracts swing traders but requires careful sizing.
What moves the GBP/AUD price?
- UK data and politics: Pound shocks move the pair sharply.
- Commodity cycle: Rising metal prices strengthen the Aussie and push the pair down.
- Risk mood: Risk-off periods tend to lift GBP/AUD.
- Rate expectations: Bank of England and RBA outlooks set the longer trend.
How GBP/AUD moves in Elliott Wave terms
GBP/AUD often forms large, clear impulses on the daily chart, with corrections that retrace deeply. Ending diagonals have appeared at major turns.
Given its range, use the 4-hour chart for entries and the daily chart for the main count.
Tips for counting GBP/AUD waves
Size small and set stops beyond the wave invalidation level, even if it is far away.
GBP/AUD key facts
GBP/AUD Elliott Wave FAQ
Why is GBP/AUD so volatile?
It pairs a currency driven by UK politics with one driven by commodities, so the two sides often move apart.
What is a typical GBP/AUD daily range?
It often moves more than 100 pips in a day, more than most major pairs.
Does risk sentiment affect GBP/AUD?
Yes. Fear in markets usually weakens the Aussie and lifts the pair.
Sources and further reading
- BIS Triennial Central Bank Survey of foreign exchange turnover (Bank for International Settlements)
- Monetary Policy Summary (Bank of England)
- Cash rate target (Reserve Bank of Australia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
