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• GBP/AUD pair slipped on Monday as higher commodities and equity gains boosted Austrian dollar across the board
• Gold prices rose after six days of losses, as the U.S. dollar's surge stalled. Spot gold rose 1.93% to $2,610.73 an ounce. U.S. gold futures settled 1.7% up at $2,614.60..
• Oil prices rose following reports that production at Norway's Johan Sverdrup oilfield had been halted.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 46.
• Immediate resistance is located at 1.9525(50%fib), any close above will push the pair towards 1.9540(5SMA)
• Immediate support is seen at 1.9428 (38.2%fib) and break below could take the pair towards 1.9318 (23.6%fib).
Recommendation: Good to sell around 1.9500, with stop loss of 1.9600 and target price of 1.9430
