• GBP/ AUD strengthened on Friday as concerns over the economic impact of Trump’s aggressive global trade tariffs weighed on the risk-sensitive Australian dollar.
• The Australian dollar also weakened as traders reassessed the RBA’s policy outlook after weaker-than-expected jobs data.
• Australia's government will release the federal budget on Tuesday, prioritizing cost-of-living relief ahead of the May election, with a return to deficit expected after two rare surpluses..
• February's monthly inflation data is set for release on Wednesday, with forecasts predicting a 2.5% annual increase.
• Immediate resistance is located at 2.0659(23.6%fib), any close above will push the pair towards 2.0765(Higher BB ).
• Immediate support is seen at 2.0484( 38.2%fib) and break below could take the pair towards 2.0346(( 50%fib).
Recommendation: Good to buy around 2.0550, with stop loss of 2.0430 and target price of 2.0750
