• GBP /AUD traded in tight range on Tuesday as investors exercised caution ahead of key inflation figures from Europe and the United States later in the week..
• Despite a light economic data calendar in the UK this week, market focus remains on upcoming consumer price data releases from the United States and Europe for clues on the monetary policy path globally.
• The pair was trading down 0.01 percent at 1.9386 after reaching daily high at 1.9425.
• From a technical viewpoint, RSI is bullish at 57, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
.
• Immediate resistance is located at 1.9430 (23.6%fib), any close above will push the pair towards 1.9461 (Higher BB).
• Immediate support is seen at 1.9339(Daily low) and break below could take the pair towards 1.9273 (38.2%fib).
Recommendation: Good to buy on dips around 1.9370, with stop loss of 1.9300 and target price of 1.9460


FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



