• GBP/AUD steadied on Monday as traders braced for this week's key economic data.
• Australia Q2 CPI Wedesday, U.S. employment Friday as annual Australia CPI rise of 4% or more will raise RBA Aug rate hike expectations.
•Traders also awaited key central bank meetings involving Federal Reserve (Fed), the Bank of Japan (BOJ), and the Bank of England (BoE) this week.
• Pair traded in 1.9578/1.9750 range and was last trading at 1.9673 in US afternoon session.
• Immediate resistance is located at 1.9677( Daily high), any close above will push the pair towards 1.9720(23.6%fib)
• Strong support is seen at 1.9578(38.2%fib) and break below could take the pair towards 1.9454(50%fib)
Recommendation: Good to buy around 1.9640, with stop loss of 1.9550 and target price of 1.9700
