• GBP/AUD extended gains on Thursday as investors await more clarity on Trump trade policies.
• The pound has stayed out of focus as Trump's re-election has triggered currency swings in economies potentially facing tariffs, such as the euro, Chinese yuan, Mexican peso.
• Focus now shifted to US Non-Farm Payrolls (NFP) on Friday for insights into the pace and extent of Fed policy changes.
• Technical are bullish, daily RSI is up at 63 , daily momentum studies 9 and 10 SMAs are trending north.
• Immediate resistance is located at 1.9831(23.6%fib ), any close above will push the pair towards 1.9889(Higher BB).
• Strong support is seen at 1.9718(38.2%fib ), and break below could take the pair towards 1.9637(50%fib).
Recommendation: Good to buy around 1.9750 with stop loss of1.9680 and target price of 1.9830
