• GBP/AUD dipped on Tuesday as Brexit fears weigh fuelled a drop.
• GBP/AUD after hitting daily low 1.7914 in early Asian session, recovered some ground in the US session, it was last trading at 1.8020 (GMT 17:49).
• GBP/AUD is wobbling after falling as more than 1% on Monday because of the Brexit nerves.
• Technical signals are bearish as RSI is at 43, momentum studies, 5, 10 & 21 daily moving averages trending lower.
• Immediate resistance is located at 1.8032( 50%fib), any close above will push the pair towards 1.8085 (11DMA).
• Strong support is seen at 1.7913 (38.2%fib) and break below could take the pair towards 1.7767 (23.6%fib).
Recommendation: Good to sell around 1.8000 , with stop loss of 1.8100 and target price of 1.7915.
