• GBP/AUD eased on Wednesday as sterling was weighed down by risk-off flows and profit-taking.
• Looking ahead, the U.S. Personal Consumption Expenditure (PCE) price index, due on Friday, along with a euro zone inflation reading will be on investors radar.
• A drop towards bigger support in the 1.9143 zone is possible should EUR/USD bulls overcome resistance.
•Immediate resistance is located at 1.9218(50%fib ) , any close above will push the pair towards 1.9286 250(61.8%fib).
• Immediate support is seen at 1.9143 (38.2% fib ) and break below could take the pair towards 1.9054(23.6% fib).
Recommendation: Good to sell around 1.9200 , with stop loss of 1.9320 and target price of 1.9120.
