• GBP/AUD steadied on Wednesday as traders evaluated Trump's remarks that the memorandum of understanding with Iran was "over.
•U.S. President Donald Trump cast fresh doubt over peace prospects in the Middle East, rekindling worries about oil prices and inflation.
• The minutes of the Federal Reserve's June policy meeting offered little fresh guidance on the interest-rate outlook, reinforcing the central bank's data-dependent approach to future policy decisions.
• The minutes also showed that Fed policymakers remained increasingly concerned about inflation risks at the June meeting, highlighting uncertainty over the inflation outlook despite recent signs of easing price pressures.
• Immediate resistance is located at 1.9372(23.6%fib), any close above will push the pair towards 1.9411(Higher BB).
• Immediate support is seen at 1.9201(38.2%fib) and break below could take the pair towards 1.9086(50%fib).
Recommendation: Good to buy around 1.9300, with stop loss of 1.9150 and target price of 1.9400
