• GBP/AUD traded in tight range on Wednesday as market awaits for fresh catalyst for further direction.
• Investors are awaiting U.S. weekly and continuing claims as well as the November payroll reports.
•The pair remains weak and might fall towards 1.9050. The pair has seen a 1.9118 -1.9225 range on Wednesday.
• Immediate resistance is located at 1.9219 (38.22%fib), any close above will push the pair towards 1.9320 (15th Nov high).
• Strong support is seen at 1.9134 (5 DMA) and break below could take the pair towards 1.9033(23.6%fib).
Recommendation: Good to sell around 1.9190, with stop loss of 1.9280 and target price of 1.9100.
