• GBP/ AUD gained on Wednesday after the U.S. Federal Reserve announced that it would raise interest rates by half a percentage point and said it was too soon to consider rate cuts.
• GBP/ AUD jumped on the Fed news, and was last up nearly 0.10% on the day.
• GBP/ AUD gains near 23.6%fib,consolidation likely to continue while market seeks fresh factors.
• Technical signals are strongly bullish as RSI is bullish at 62, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.8134 (38.2%fib), any close above will push the pair towards 1.82451 (Dec 6th high).
• Immediate support is seen at 1.7985 (21DMA) and break below could take the pair towards 1.7866( 50%fib).
Recommendation: Good buy around 1.8090 with stop loss of 1.8000 and target price of 1.8150
