• GBP/AUD declined on Monday as Australian dollar exhibited strength ahead of the upcoming monthly retail sales report.
• Investors are keenly awaiting Australia's retail sales data on Tuesday, which is expected to show a 0.3% increase in April, reversing the 0.4% decline seen in March.
• The poud erased Friday’s gains against the Australian dollar , the pair was last down at 0.13% at 1.9183
•Immediate resistance is located at 1.9277(38.2%fib ) , any close above will push the pair towards 1.9339 (Higher BB).
• Immediate support is seen at 1.9150 (50% fib ) and break below could take the pair towards 1.9085(April 24th low ).
Recommendation: Good to sell around 1.9190 , with stop loss of 1.9320 and target price of 1.9120.
