FxWirePro: GBP/AUD slide lower shifts pressure to the downside

• GBP/AUD dipped on Monday   as risk sentiment was boosted by signs the U.S. government is closer to reopening.

• On Sunday, the U.S. Senate advanced a measure to reopen the federal government, ending a 40-day shutdown that disrupted workers, food aid, and air travel.

• Senate passage of the bill, which funds the government until January 30 and contains three full-year appropriations, would be followed by House approval and presidential signature, likely over several days.

• Meanwhile, Traders will focus on UK Q3 GDP and employment data this week, as BoE Governor Andrew Bailey emphasizes a data-driven approach to monetary policy.

•Traders are also awaiting the UK’s November budget, with most economists expecting Finance Minister Rachel Reeves to raise taxes to meet fiscal rules.

• Immediate resistance is located at 2.0293 (38.2%fib), any close above will push the pair towards 2.0331 (SMA20).

• Immediate support is seen at 2.0010(23.6%fib) and break below could take the pair towards 1.9869 (Lower BB).

Recommendation: Good to sell around 2.0170 with stop loss of 2.0360  and target price of 2.0080