• GBP/AUD eased on Monday as the Australian dollar firmed after RBA’s December meeting minutes
• Investors await the RBA’s December monetary policy board meeting minutes, published at 00:30 GMT Tuesday.
• The minutes could provide clearer guidance on the central bank’s inflation outlook and potential rate path, which remains a key driver for AUD sentiment.
• Escalating geopolitical tensions between the U.S. and Venezuela pushed oil prices higher on supply concerns.
• Meanwhile, gold’s record highs continue to support commodity-linked currencies like the Australian dollar.
• Immediate resistance is located at 2.0312(38.2%fib), any close above will push the pair towards 2.0367(Higher BB).
• Immediate support is seen at 2.0038(23.6%fib) and break below could take the pair towards 1.9977 (Lower BB)
Recommendation: Good to buy around 2.0220 with stop loss of 2.0120 and target price of 2.0300
