• GBP/AUD edged higher but gains were limited as market participants adopted a cautious stance ahead of the Easter long weekend.
• With fewer major economic releases or market-moving events on the horizon, traders appeared to be treading carefully, avoiding significant positions before the holiday period.
• Focus is shifting toward upcoming economic data and central bank comments, which could spark movement after the holiday break.
• The market will turn its attention to UK economic data and remarks from the Bank of England next week, which could provide new insights into the economic outlook.
• Immediate resistance is located at 2.1077 (23.6%fib), any close above will push the pair towards 2.1454 (Higher BB).
• Strong support is seen at 2.0681(50% fib) and break below could take the pair towards 2.0304 61.8% fib).
Recommendation: Good to buy around 2.0700, with stop loss of 2.0620 and target price of 2.0780
