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FxWirePro: GBP/AUD buoyancy keeps consolidation intact, set for further

• GBP/ AUD strengthened on Tuesday  as lower copper prices, dalian iron ore's drop weighed on Australian dollar.

•  Australia Q1 CPI is due on Wednesday  and it will be pivotal for RBA rate expectations.

• Technicals continue to highlight upside risks  14-day momentum confirming price pick-up

• Immediate resistance is located at 1.8754(38.2%fib), any close above will push the pair towards 1.8788(Higher BB).

• Immediate support is seen at 1.8627 (Daily low) and break below could take the pair towards 1.8582(5DMA).

Recommendation: Good to buy around 1.8700, with stop loss of 1.8650 and target price of 1.8570

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