• GBP/AUD initially gained on Friday but rally fizzled out as after data showed U.S. employers hired far more workers than expected in March.
• U.S. job growth soared in March, easily beating expectations, which also showed a steady increase in wages.
• Technical lean bearish, RSI is turning sharply lower, momentum studies, 5, 10 DMAs falling southwards. While, RSI is down at 40.
• Immediate resistance is located at 1.9240( 5EMA), any close above will push the pair towards 1.9292 (38.%fib).
• Support is seen at 1.9162(50%fib) and break below could take the pair towards 1.9000 (Psychological level).
Recommendation: Good to sell around 1.9210, with stop loss of 1.9350 and target price of 1.9120
