• GBP/AUD steadied on Wednesday as investors digested U.S. Federal Reserve's rate decision.
• The Federal Reserve kept interest rates steady, as expected, but provided little clarity on potential rate cuts for the rest of the year.
• Fed Chair Jerome Powell emphasized that it’s still too early to gauge the effects of Trump’s policies, while reiterating the Fed’s dedication to maintaining its 2% inflation goal.
• Technical are bullish, daily RSI is up at 53 , daily momentum studies 9 and 10 DMAs are trending north.
• Immediate resistance is located at 2.0092 (38.2%fib ), any close above will push the pair towards 2.0159(Higher BB).
• Strong support is seen at 1.9941(50%fib ), and break below could take the pair towards 1.9756 (61.8%fib).
Recommendation: Good to buy around 1.9970 with stop loss of 1.9900 and target price of 2.0100
