FxWirePro: GBP/AUD holds within tight tange as trading activity remains low

• GBP/AUD traded in tight range on Monday as  trading conditions remained thin due to Easter Monday holiday.

• Trade will be a key focus as hundreds of finance leaders gather in Washington this week for the semi-annual meetings of the International Monetary Fund and World Bank Group.

•Rachel Reeves is poised to pledge her commitment to "stand up for Britain's national interest" during her visit to Washington DC, where she aims to advance talks on a potential UK/US trade deal.

•  Her visit follows Donald Trump's imposition of a 10% blanket tariff on all imports to the U.S., including goods from the UK, amid growing efforts to finalize a trade deal..

• Looking ahead, traders will focus on upcoming PMI releases and several scheduled appearances by Bank of England officials, which may offer fresh cues on the central bank’s policy outlook.

• Immediate resistance is located at 2.0925 (April 16 high), any close above will push the pair towards 2.1075 (38.2%fib).

• Immediate support is seen at 2.0718 (50%fib) and break below could take the pair towards 2.0478 (April 2nd low).

Recommendation: Good to buy around 2.0840, with stop loss of 2.0720 and target price of 2.0950