• GBP/AUD rose on Friday as the pair attracted buyers after remarks from U.S. President Donald trump.
• U.S. President Donald Trump urged global leaders to cut interest rates in a speech to business and political figures, warning that tariffs would be imposed on products made outside the U.S.
• Meanwhile, a survey showed tepid growth across British businesses picked up only slightly at the start of 2025, with employment and optimism contracting again while price pressures rose.
• A daily close above 50%fib will further improve the technical outlook, and open the possibility of a rally towards 1.9850level
• Immediate resistance is located at 1.9791 (50%fib ), any close above will push the pair towards 1.9998 (38.2%fib).
• Strong support is seen at 1.9569(61.8%fib ), and break below could take the pair towards 1.9483 (Lower BB).
Recommendation: Good to buy around 1.9750 with stop loss of 1.9670 and target price of 1.9850
