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• GBP/AUD declined on Friday as political turmoil once again gripped Britain weighing on pound.
• Sterling was on the back foot against Aussie dollar as UK’s ruling Conservative party began to pick the country's third prime minister in two months after Liz Truss quit on Thursday.
• The pair remains weak and might fall towards 1.7500 as UK's economic and political issues is likely to weigh on the pair.
• Immediate resistance is located at 1.7841 (21DMA), any close above will push the pair towards 1.8090(23.6% fib).
• Strong support is seen at 1.7661 (38.2% fib) and break below could take the pair towards 1.7443(21DMA).
Recommendation: Good to sell on around 1.7700, with stop loss of 1.7850 and target price of 1.7620
