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• GBP/AUD retreated from daily high on Tuesday as markets continued to digest the implications of last week's central bank meetings.
• This week's economic data calendar is fairly light ahead of the Federal Reserve's favoured inflation measure on Friday, which could provide clues on the U.S. interest rate outlook.
• GBP/AUD continues to trade sideways, bouncing between 1.9295 and 1.9349 range
•Technically RSI struggling to confirm gains , daily momentum studies 9, 10 and 11 DMAs are flat.
• Immediate resistance is located at 1.9386 (38.2% fib), any close above will push the pair towards 1.9440 (March 21st high).
• Immediate support is seen at 1.9281 (March 25th low) and break below could take the pair towards 1.9241 (50% fib).
Recommendation: Be on sidelines
