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FxWirePro:GBP/AUD bulls back away from 1.8535 as focus shifts to this week’s UK economic data

• GBP/ AUD  eased on Monday as investors awaited this week’s  UK economic data that will set the tone for the Bank of England's next meeting   .

• UK February jobs figures are due on Tuesday, which will include wage growth figures, and March inflation numbers are out on Wednesday.

 • The pair was after hitting daily high at 1.8555 it turned lower,  it was last trading at 1.8466.

• Technical signals are neutral  as RSI is flat ,while moving averages are trending down.

• Immediate resistance is located at 1.8554( 11DMA), any close above will push the pair towards 1.8659(23.6%fib).

• Immediate support is seen at 1.8412 (38.2%fib) and break below could take the pair towards 1.8288 (April 24th low).

Recommendation: Good to buy around 1.8430, with stop loss of 1.8300 and target price of 1.8550

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