• GBP/AUD strengthened on Friday as bulls received a boost after U.S. PCE data that came in below expectations.
• The softer-than-expected inflation data eased slightly softened market expectations for future Federal Reserve rate hikes in the second half of 2025 .
• A daily close above 23.6%fib will further improve the technical outlook, and open the possibility of a rally towards 2.0150 level
• Technical are bullish, daily RSI is up at 62 , daily momentum studies 9 and 10 DMAs are trending north.
• Immediate resistance is located at 2.0245 (23.6%fib ), any close above will push the pair towards 2.0289(Higher BB).
• Strong support is seen at 2.0022(38.2%fib), and break below could take the pair towards 1.9825 (50%fib).
Recommendation: Good to buy around 2.0080 with stop loss of 2.0000 and target price of 2.0150
