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• GBP/AUD struggling for direction on Monday as investors awaited fresh catalyst for further movement.
• GBP/AUD stood at 1.9569, having eased slightly from 1.9607(Daily high). GBP/AUD has managed to stay clear of major support around 1.5393( 23.6%fib).
• Daily techs favours bullish sentiment, RSI is at 54 and pair trades above 5,9 & 11-DMAs.
• Resistance is located at 1.9618( 38.2%fib) and at 1.9697 (Higher BB).
• Support is found at 1.9482( 50%fib) and at 1.9431 (Aug 27th low).
Recommendation: Be on sidelines.
