The AUD/GBP cross has benefited recently from a struggling GBP/USD amongst political instability in the UK, albeit this major has recovered a little on the back of the weaker USD. As with all of Europe the pending Energy crisis as winter approaches will keep the GBP/USD under some pressure, leading to a potentially stronger AUD/GBP in the short term. Buying above .5750 great levels with .5800 a more medium term target.
Current Level: 0.5782
Last Weeks Range: 0.5710-0.5800