• GBP/AUD recovered some ground on Tuesday as EU-UK trade deal hope supported gains.
• The rallied above 1.8100 level, lift stops after finding resistance at 1.8172 (14DMA).
• GBP/AUD remains vulnerable, only a break and daily close above 1.8276 (61.8% fib) will shift bias to the upside.
• Technical are bearish, daily RSI is negative at 49, daily momentum studies 11and 14 DMAs are trending down.
• Immediate resistance is located at 1.8130 (50%fib ), any close above will push the pair towards 1.8172 (14DMA).
• Strong support is seen at 1.7994 (38.2%fib) and break below could take the pair towards 1.7884 (Lower BB).
Recommendation: Good to sell around 1.8150, with stop loss of 1.8270 and target price of 1.8050
