FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel

• GBP/AUD dipped  on TTuesday as investors growing wary ahead of a U.S. deadline for Iran to open the Strait of Hormuz.

• U.S. President Donald Trump threatened that "a whole civilization will die tonight," while Iran showed no signs of accepting his ultimatum to end its blockade of gulf oil before the 8 p.m. ET deadline.

• Britain is highly exposed to energy imports and investors remain nervous about the country's fragile public finances.

• Businesses in Britain's services sector reported the biggest month-on-month jump in costs in March since 2021, while a Bank of England survey showed last week that British companies expect to raise prices more quickly in the coming 12 months.

• Inflation picked up to 3.8% in January and the unemployment rate stayed at a ⁠historically low level of 4.1%, though the RBA's latest hike in February is likely to temper demand.

• Immediate resistance is located at 1.8973(38.2%fib), any close above will push the pair towards 1.9068(SMA 20)

•  Support is seen at 1.8885(Daily low) and break below could take the pair towards 1.8773(Lower BB).

Recommendation: Good to sell  around 1.8950 with stop loss of 1.9020 and target price of 1.8850