• GBP/AUD edged higher on Tuesday but gains were limited investors awaited host of economic data from Britain .
• The consumer price index for September is scheduled on Wednesday, and economists surveyed predict core CPI to decline to 3.4% on an annual basis.
• Producer price figures are scheduled for release on the same day.British retail sales figures for September are due on Friday.
•A daily close above 38.2%fib will further improve the technical outlook, and open the possibility of a rally towards 1.9500 level
• Immediate resistance is located at 1.9454(38.2%fib), any close above will push the pair towards 1.9553(23.6%fib).
• Immediate support is seen at 1.9394 (50%fib) and break below could take the pair towards 1.9327 (61.8%fib).
Recommendation: Be on sidelines
