• GBP /AUD strengthened on Thursday as the pair was swept up ahead of U.S. jobs data.
• Investors waited for Fridays employment data to paint a clearer picture of the state of the U.S. economic recovery.
• The pair hit daily high at 1.8436 and was last trading at 1.8418 at (GMT 17:44).
• The pairs rise above the 1.8341(38.2% fib) has reinforced the growing bullish strength, putting focus on resistance at 1.8500 level.
• Immediate resistance is located at 1.8454(23.6% fib), any close above will push the pair towards 1.8479 (Higher BB).
• Immediate support is seen at 1.8341(38.2% fib) and break below could take the pair towards 1.8295 (50% fib).
Recommendation: Good to buy on dips around 1.8370, with stop loss of 1.8330 and target price of 1.8480.
