• Our previous call (http://www.econotimes.com/FxWirePro-GBP-AUD-breaks-strong-resistance-at-18640-good-to-long-dips-200269) has achieved all targets.
   
• The pair spiked above 0.91 handle after poor Australia CPI data today raised RBA rate cut bets.
   
• Low inflation, on its own, is not a trigger for a rate cut. RBA will likely wait to see a new weaker trend in domestic activity and employment before it would embark on such a strategy. 
   
• On weekly charts we see major hurdle at 1.9250 levels which is 23.6% Fib of 2.2372 to 1.8293 fall.
   
• Further upside only on breaks above. Momentum studies are neutral. We recommend booking full profits for now.