• GBP/AUD extended its recent losses on Tuesday as Brexit jitters and a dovish steer from BoE's Haldane weighed on British pound.
• The recent drop from the recent 1.8840 high has passed through the 300 DMA at 1.8737 and now eyes the lower bollinger bands at 1.8500.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 27.
• Immediate resistance is located at 1.8737 ( 300 DMA), any close above will push the pair towards 1.9000 ( 200 DMA).
• Strong support is seen at 1.8632 (Daily low) and break below could take the pair towards 1.8500 (Lower BB).
Recommendation: Good to sell below 1.8700, with stop loss of 1.8850 and target price of 1.8500.
