• GBP/AUD dipped on Tuesday as weaker UK PMI data weighed on the pair.
• Britain’s services sector finished 2025 weaker than expected, with rising costs likely to be passed on to consumers.
• The final S&P Global UK Services PMI rose slightly to 51.4 in December from 51.3 in November, below the earlier flash estimate of 52.1.
• Meanwhile, the composite PMI, which merges the services survey with last week’s manufacturing data that reached a 15-month high, increased to 51.4 from 51.2 in November, though it fell short of the preliminary 52.1 estimate..
• Immediate resistance is located at 2.0152 (SMA 20), any close above will push the pair towards 2.0318(38.2%fib).
• Immediate support is seen at 2.0003 (23.6%fib) and break below could take the pair towards 1.9929 (Lower BB)
Recommendation: Good to sell around 2.0050 with stop loss of 2.0120 and target price of 1.9920
