GBPAUD Chart Technical Outlook stalled the downside correction on weaker Inflation from Australia,
GBP/AUD broad bias is bullish, as the BoE can be more hawkish than the RBA due to more sticky inflation. The Monthly CPI showed a weaker-than-expected print in Australia, which would help the RBA to pause again.
Prices trade at the support of a previous low from mid-August. A break below 1.9490 opens the door for 1.9400, the most important barrier, where I expect a bounce higher. More risk appetite would help the AUD and push the pair lower.
Resistances are at 1.9590 and 1.9690.
