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FxWirePro:GBP/AUD steadies around 1.9200, retains bid tone

• GBP/ AUD steadied on Thursday  as investors  waited  for U.S. personal consumption expenditures (PCE) data.

• The Fed's preferred measure of inflation  on Friday could provide further indications on how the central bank might proceed with interest rate cuts later this year..

• The pair currently is approaching resistance at   23.6%fib . A break   would unmask 1.9300 level in the short term.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages and MACD are trending higher.

• Immediate resistance is located at 1.9242( 23.6%fib), any close above will push the pair towards 1.9294 (Higher BB).

• Immediate support is seen at 1.9130(38.2%fib) and break below could take the pair towards 1.9025(50%fib).

Recommendation: Good to buy around 1.9190, with stop loss of 1.9100 and target price of 1.9260

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