• GBP/ AUD edged lower on Thursday after data showed the biggest slump in UK construction activity since 2020
• The S&P Global/CIPS UK construction Purchasing Managers' Index (PMI) tumbled to 45.0 in September from August's 50.8.
• GBP/ AUD traded up to a daily high at 1.9192 before easing towards 1.9163 level
• A close below 50%fibsupport puts 1.9000(Psycholoical level ) in focus and then 61.8%fib support..
• Immediate resistance is located at 1.9203(38.2%fib), any close above will push the pair towards 1.9317 (30DMA).
• Immediate support is seen at 1.9072 (50%fib) and break below could take the pair towards 1.8941 (61.8%fib).
Recommendation: Good to sell around 1.9150, with stop loss of 1.9250 and target price of 1.9080
