FxWirePro: GBP/AUD under pressure , knocking on door of key support rally

• 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.