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FxWirePro:GBP/AUD steadies as traders await U.S. tariff impact

• GBP/AUD initially fell but regained most of its losses on Wednesday as investors awaited details on the new U.S. tariffs set to be announced.

•Britain has not retaliated against the U.S. tariffs that have already been imposed, unlike the European Union, Canada, and other major economies.

•   Finance minister Rachel Reeves said Britain will avoid quick action on U.S. tariffs to prevent jeopardizing a potential trade deal.

• Britain hopes that any tariffs imposed by Trump will be quickly reversed if both sides can agree on a new economic partnership, likely focusing on areas like technology and artificial intelligence.

• Immediate resistance is located at 2.0661(38.2%fib), any close above will push the pair towards 2.0750(Higher BB).

• Immediate support is seen at 2.0445( (50%fib) and break below could take the pair towards 2.0304(Lower BB).

Recommendation: Good to buy around 2.0600, with stop loss of 2.0520 and target price of 2.0680

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