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ES
FxWirePro: GBP/AUD risks tilt further to the downside
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EconoTimes RSS
• GBP/AUD dipped on Tuesday after the RBA kept its policy rate unchanged at 4.35%, in line with expectations.
• The RBA highlighted upside risks to inflation while noting that the housing market has been weaker than anticipated.
• U.S.-Iran negotiations remain uncertain as both sides seek reparations, raising the risk of delays to peace talks.
• Immediate support is seen at 1.9075(Aug 10 low) and break below could take the pair towards 1.8980(Lower BB).
Recommendation: Good to sell around 1.9140, with stop loss of 1.9190 and target price of 1.9080