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• GBP/AUD declined on Friday as sterling attracted seller data showed Britain's economy contracted unexpectedly in September.
•Gross domestic product slipped by 0.1% in monthly terms during September as the services sector flat-lined, while manufacturing and construction dropped, the Office for National Statistics said.
•For the third quarter as whole, the economy grew by 0.1%, slowing from 0.5% growth during the second quarter.
•Technical signals show the pair could lose more ground in the short-term as RSI is has turned sharply bearish, daily momentum studies 9, 10 and 11 SMAs are trending down.
• Immediate resistance is located at 1.9570 (SMA9 ), any close above will push the pair towards 1.9624(50%fib).
• Immediate support is seen at 1.9520 (38.2%fib ), break below could take the pair towards 19393 (23.6%fib).
Recommendation: Good to sell around 1.9540 with stop loss of 1.9650 and target price of 1.9460
