• GBP/AUD dipped on Tuesday after data showed UK basic pay growth slowed for first time in a year.
•Investors will now shift their focus to the UK's spring budget, scheduled for Wednesday.
• Choppy overnight action leads to retreat from 1.8329, pair nears the 1.8161(5DMA ) support.
•Technical signals are mixed as RSI turning lower, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8319( 23.6%fib), any close above will push the pair towards 1.8404( Higher BB)
• Support is seen at 1.8161(5DMA ) and break below could take the pair towards 1.8107(38.2%fib).
Recommendation: Good to sell around 1.8210, with stop loss of 1.8300 and target price of 1.8100.
