• GBP/AUD dipped on Tuesday after the RBA kept its policy rate unchanged at 4.35%, in line with expectations.
• The RBA highlighted upside risks to inflation while noting that the housing market has been weaker than anticipated.
• U.S.-Iran negotiations remain uncertain as both sides seek reparations, raising the risk of delays to peace talks.
• Australian Q2 wage-price data and U.S. July CPI are due Wednesday, followed by U.S. July PPI on Thursday.
• RBA Assistant Governor Christopher Kent is scheduled to participate in a fireside chat in Sydney on Thursday.
• Immediate resistance is located at 1.9132(38.2%fib), any close above will push the pair towards 1.9308(Higher BB).
• Immediate support is seen at 1.9075(Aug 10 low) and break below could take the pair towards 1.8980(Lower BB).
Recommendation: Good to sell around 1.9140, with stop loss of 1.9190 and target price of 1.9080
