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• GBP/AUD eased slightly but movements were limited as light holiday trading market kept ranges subdued .
• Investors are actively seeked new indicators to gauge the timing of potential interest rate cut by the Bank of England.
• The pair hit high at 1.9370 in early trading then retreated towards 1.9337.
•Technically, 14-day momentum holding bullish but RSI is struggling to confirm gains.
• Immediate resistance is located at 1.9400 (March 29th high), any close above will push the pair towards 1.9452 (23.6%fib).
• Strong support is seen at 1.9286 (38.2%fib) and break below could take the pair towards 1.9254(Lower BB)
Recommendation: Good to buy around 1.9300 with stop loss of 1.9200 and target price of 1.9360
