• GBP/AUD struggled to find direction on Tuesday after data showed US inflation slowed somewhat in November and British wage growth cooled in October.
• Data released showed U.S. consumer prices increased by 3.1% in the year ending at the end of November, Meanwhile ,British wage growth slowed by the most in almost two years, official data showed on Tuesday.
• Technical signals are mixed as RSI is turning up , daily momentum studies 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9132 (50% fib), any close above will push the pair towards 1.9198 (61.8% fib)
• Immediate support is seen at 1.9118 (14DMA) and break below could take the pair towards 1.9083 (38.2%fib B).
Recommendation: Be on sidelines
