FxWirePro: GBP/AUD extends drop, faces 23.6%fib support

• GBP/AUD fell on Friday    as optimism over a possible U.S.-China trade deal and comments from RBA Governor Michele Bullock boosted   Australian dollar.

• Negotiators from the U.S. and China on Sunday outlined the framework for a deal to pause steeper American tariffs and defer China's rare-earth export controls.

•U.S. President Donald Trump and China's Xi Jinping are expected to meet on Thursday to further discuss a trade accord.

•Australia’s top central banker said Monday that a 0.9% Q3 core inflation reading would significantly deviate from forecasts and will weigh on the board’s assessment of whether to cut rates next week.

•Looking ahead, Australia’s Q3 trimmed mean CPI, due at 0030 GMT Wednesday, is expected to rise 0.8% quarter-on-quarter and 2.7% year-on-year, according to a   poll.

• Immediate resistance is located at 2.0475(SMA 20  ), any close above will push the pair towards 2.0529(50%fib).

• Immediate support is seen at 2.0250(23.6%fib) and break below could take the pair towards 2.0168(Lower BB).

Recommendation: Good to sell around 2.0360 with stop loss of 2.0450and target price of 2.0260