• GBP/AUD rebounded two week low on Friday as investors booking profits in a week dominated by key economic data
• Bank of England interest rate-setter Swati Dhingra said Britain's high inflation rate is likely to ease off and the central bank should move more quickly to cut borrowing costs.
• British Finance Minister Rachel Reeves will present her budget in November, with expectations of further tax increases as she seeks to uphold fiscal rules and maintain investor confidence in government bonds
• Looking ahead, investor attention shifts to upcoming U.S. economic releases, with the JOLTS job openings report due on September 30 and the closely watched nonfarm payrolls data on October 3.
• Immediate resistance is located at 2.0488(SMA 20), any close above will push the pair towards 2.0653 (38.2% fib).
• Strong support is seen at 2.0328 (23.6% fib) and break below could take the pair towards 2.0284(Lower BB).
Recommendation: Good to buy on around 2.0450, with stop loss of 2.0400 and target price of 2.0600
