Aussie sellers should get out quickly

AUDGBP Edges Higher as Pound Bulls Show Election Caution

Holding Australian dollars could be about to become very expensive. The GBPAUD rate has remained above 2 overnight which suggests a very important level of resistance has been breached and a new very difficult level of support reached. To break back through this level will require something new to happen on the market and anyone considering selling Australian dollars to buy sterling should I think make some careful plans very soon!

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