• GBP/ AUD declined on Friday as slowdown in Britain's jobs market and less hawkish near term BoE expectations weighed on sterling.
• An industry survey on Friday showed that British employers reduced the number of workers they hired through recruitment agencies last month at the fastest pace in more than three years.
• GBP/ AUD is probing support zone at 1.9494 (50%fib) , Break lower risks run towards 1.9400 in the short term.
• Technical signals show the pair could lose more ground in the short-term as RSI has tuned lower , daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9576(5DMA), any close above will push the pair towards 1.9644(38.2%fib).
• Immediate support is seen at 1.9494 (50%fib) and break below could take the pair towards 1.9410(Lower BB).
Recommendation: Good to sell around 1.9540, with stop loss of 1.9680 and target price of 1.9450
