• GBP/AUD firmed on Tuesday after fresh labour data for the UK reinforced the bets the Bank of England will continue to cut borrowing costs .
• This week, inflation and retail sales numbers are scheduled to be released, providing fresh information about pricing pressures and consumer spending.
• Meanwhile, 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 1.9600 level
• Immediate resistance is located at 1.9538 (38.2%fib), any close above will push the pair towards 1.9603(Higher BB).
• Immediate support is seen at 1.9453 (50%fib) and break below could take the pair towards 1.9378 (61.8%fib).
Recommendation: Good to buy around 1.9490, with stop loss of 1.9400 and target price of 1.9600
