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• GBP/AUD declined on Wednesday as hot UK inflation data weighed on sterling.
• UK CPI data showed the consumer price index (CPI) increased by 10.1% in annual terms in September, in a new blow for households grappling with a cost-of-living crisis.
• The pair remains weak and might fall towards 1.7700 as UK's economic and political issues is like to weigh on the pair.
• Immediate resistance is located at 1.8056 (23.6% fib), any close above will push the pair towards (1.8207 Oct 17th high).
• Strong support is seen at 1.7824 (9DMA) and break below could take the pair towards 1.7713 (38.2% fib).
Recommendation: Good to sell on around 1.7800, with stop loss of 1.7900 and target price of 1.7720
