• GBP/AUD fell below the 1.9500 level, pressured by the intensifying Russia-Ukraine conflict.
• Putin said the West was escalating the conflict in Ukraine by allowing Kyiv to strike Russia with long-range missiles, and that the war was becoming a global conflict.
• Ukraine fired U.S. and British missiles at targets inside Russia this week despite warnings by Moscow that it would see such action as a major escalation.
• Technical signals are bearish as RSI lower at 48, daily momentum studies 11, 9 and 21 SMAs are trending down.
• Immediate resistance is located at 1.9419 (38.2%fib ), any close above will push the pair towards 1.9488(50%fib).
• Immediate support is seen at 1.9333 (23.6%fib), break below could take the pair towards 1.9256(Lower BB).
Recommendation: Good to sell around 1.9440 with stop loss of 1.9570 and target price of 1.9320
