FxWirePro: GBP/AUD bulls undeterred, eyes 2.0300 level

• GBP/AUD pair strengthened as fears over imminent U.S. tariffs and the potential for a global trade war weighed heavily on export-sensitive currencies like the Australian dollar.

• On Thursday, Trump announced that his proposed tariffs 25% on goods from Mexico and Canada, and an additional 10% duty on Chinese imports would go into effect on March 4. This move came as a surprise to those who had expected a delay in the levies.

• The pair hit daily high at 2.0314 and was last trading at 2.0262 in late US sesssion.

• The pairs rise above the at    38.2%fib  has reinforced the growing bullish strength, putting focus on resistance at 1.8600.

• Immediate resistance is located at 2.0303 (38.2%fib), any close above will push the pair towards 2.0454 (23.6%fib).

•  Immediate support is seen at 2.0202 (38.2%fib) and break below could take the pair towards 2.0096 (50%fib).

Recommendation: Good to buy on dips around 2.0240, with stop loss of 2.0150 and target price of 2.0300