• GBP/AUD eased from 1.9450 level on Tuesday as ongoing geopolitical risks and concerns that President-elect Donald Trump’s proposed tariffs weighed on sentiment.
•Officials from Mexico, Canada, and China warned that imposing heavy tariffs on goods would harm the economies of all parties involved, risk exacerbating inflation, and potentially damage job markets.,
• A close below support at 38.2% fib will give further momentum to bears, opening the way for a run towards 1.9300 level.
• Immediate resistance is located at 1.9459 (50% fib), any close above will push the pair towards 1.9557(61.8% fib).
• Immediate support is seen at 1.9369(38.2% fib) and break below could take the pair towards 1.249(23.6% fib).
Recommendation: Good to sell around 1.9430, with stop loss of 1.9550 and target price of 1.9300.
