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• GBP/AUD declined on Tuesday as sterling was knocked down by a fresh UK government crisis.
•British Health Secretary and UK finance minister resigned on Tuesday, plunging Prime Minister Boris Johnson's government into crisis.
•The pair extended its drop to hit 1.7557, a two week low, it was last trading at 1.7595.
•Technical signals show the pair could lose more ground in the short-term as RSI is has turned lower, daily momentum studies 9, 10 and 11 DMAs are trending down.
• Immediate resistance is located at 1.7630 (5DMA ), any close above will push the pair towards 1.7803 (38.2%fib).
• Immediate support is seen at 1.7501 (23.6%fib ), break below could take the pair towards 1.7414 (Lower BB).
Recommendation: Good to sell around 1.7600 with stop loss of 1.7700 and target price of 1.7500 .
