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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.
