• GBP/ AUD strengthen on Thursday but gains were limited as investors focus shifted to BoE’s upcoming meeting.
• Pair remains dogged by Omicron angst, falling BoE hike prospects. Dovish BoE statement on Dec 16 is likely to puts 1.8274(23.6%fib) in focus
• Technical signals show the pair could lose more ground in the short-term as RSI is at 47,while moving averages and MACD are trending lower.
• Immediate resistance is located at 1.8492( 38.2%fib), any close above will push the pair towards 1.8586 (61.8%fib).
• Immediate support is seen at 1.8395 (38.2%fib) and break below could take the pair towards 1.8274 (23.6%fib).
Recommendation: Good to sell around 1.8490, with stop loss of 1.8580 and target price of 1.8350
