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• GBP/AUD initially dipped but recovered ground on Tuesday as investors digested UK GDP. .
• Britain's economy grew robustly in the first quarter of 2026, official data confirmed on Tuesday, but households were squeezed even before the worst effects of the U.S.-Iran conflict started to feed through.
• Economic output grew by 0.6% in the first three months of the year, unchanged from an initial estimate by the Office for National Statistics.
• The data marked a third straight year of unusually strong first-quarter growth, prompting some economists to question the statistics agency's seasonal adjustment methods.
• Technical are bullish, daily RSI is positive at 61, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.9700 (23.6% fib), any close above will push the pair towards 1.9770(Daily high).
• Strong support is seen at 1.9127(Daily low) and break below could take the pair towards 1.9026(Lower BB).
Recommendation: Good to buy around 1.9150 with stop loss of 1.9100, and target price of 1.9270
