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FxWirePro: GBP/AUD breaks strong resistance at 1.9110, focus on BoE Gov Carney's testimony

GBP/AUD has broken strong trendline resistance at 1.9110 levels, we see scope for test of 0.93 levels. The pair has hit session highs at 1.9238 and edged lower to currently trade at 1.9163 levels. Strong support is seen …

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FxWirePro: GBP/AUD breaks strong resistance at 1.9110, focus on BoE Gov Carney's testimony
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GBP/AUD has broken strong trendline resistance at 1.9110 levels, we see scope for test of 0.93 levels.

  • The pair has hit session highs at 1.9238 and edged lower to currently trade at 1.9163 levels.
     
  • Strong support is seen at 1.90 levels, further weakness can be seen on breaks below, test of 1.8828 then likely.
     
  • The sterling outlook remains fragile ahead of the June 23 Brexit referendum, and GBP will likely struggle to advance.
     
  • A major risk event for the pair is BoE Gov Carney testimony due ahead in the EU Session.
     
  • BoE Gov Carney is due to testify, along with BoE Dep Gov Jon Cunliffe, on UK's European Union membership before the Parliamentary Committee, in London.

 

 

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