• GBP/AUD declined on Thursday as stronger Australian dollar and uncertainty over the UK leadership weighed on pound.
• UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed.
• Truss' resignation came a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament.
• 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 1.7932(5DMA), any close above will push the pair towards 1.8069(23.6% fib).
• Strong support is seen at 1.7722 (38.2% fib) and break below could take the pair towards 1.7660 (Oct 13th low).
Recommendation: Good to sell on around 1.7860, with stop loss of 1.7970 and target price of 1.7750
