• GBP/AUD fell on Tuesday as investors weighed concerns over rising oil prices against hopes for a resolution to the U.S.-Israel conflict.
• U.S. President Trump reported progress in talks, despite reports indicating additional American troops were being deployed to the Middle East...
• Rising oil prices have reignited inflation concerns and clouded central banks’ interest rate outlook, with the U.S. Federal Reserve signaling a hawkish stance, expecting just one rate cut in 2026.
· Traders have stopped pricing in any rate cuts for this year, down from the two cuts previously expected before the Middle East conflict..
• Immediate resistance is located at 1.9185 (38.2%fib), any close above will push the pair towards 1.9267(Higher BB).
• Strong support is seen at 1.8956 (SMA 20 ), and break below could take the pair towards 1.8736(23.6%fib).
Recommendation: Good to sell on around 1.9160 with stop loss of 1.9230 and target price of 1.9080
