• GBP/AUD fell across the board on Tuesday, as new lockdown weighed on sterling.
• As COVID-19 cases surge across UK, nationwide lockdowns have been announced in Britain as new lockdown measures .
• At GMT 18:34, the pair was trading down 0.89 percent at 1.7537.
• Technical signals are bearish as RSI is at 32, momentum studies, 5, 10 & 21 daily moving averages trending lower.
• Immediate resistance is located at 1.7600 (Psychological level), any close above will push the pair towards 1.7726 (10DMA).
• Strong support is seen at 1.7663 (23.6%fib) and break below could take the pair towards 1.7455 (Lower BB).
Recommendation: Good to sell around 1.7535 , with stop loss of 1.7650 and target price of 1.7450.
