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FxWirePro:GBP/AUD steadies above 1.9000, retains bid tone

• GBP/ AUD steadied on  Tuesday as    Australian dollar  dipped ahead monthly inflation readings later in the week, which is set to shape RBA’s  interest rate  outlook.

• Consumer inflation is expected to decelerate to an annual rate of 4.4% in November, down from October's 4.9%.

 • At GMT 17:37, the pair was trading up 0.21 percent  at 1.9008 after hitting   1.9025(Daily high).

• Technical signals show the pair could gain more ground in the short-term as RSI is rising from below,while moving averages are trending higher.

• Immediate resistance is located at 1.9059(23.6%fib), any close above will push the pair towards 1.9156 (Higher BB).

• Immediate support is seen at 1.8962 (50%fib) and break below could take the pair towards 1.8905 (Jan 8th low).

Recommendation: Good to buy around 1.9000, with stop loss of 1.8900 and target price of 1.9100

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