• GBP/ AUD was little changed on Friday as investors assessed Federal Reserve Chair Jerome Powell's speech.
• Powell said Fed would proceed carefully as whether to tighten further, but also made clear the central bank has not yet concluded that its benchmark interest rate is high enough .
• GBP/ AUD traded in range 1.9598-1.9683, the pair was last trading up 0.03 percent at 1.9638.
• Technical signals show the pair could lose more ground in the short-term as RSI has turned lower.
• Immediate resistance is located at 1.9728(5DMA), any close above will push the pair towards 1.9878(23.6%fib).
• Immediate support is seen at 1.9488 (Aug 15th low) and break below could take the pair towards 1.9348(50%fib).
Recommendation: Good to sell around 1.9650, with stop loss of 1.9750 and target price of 1.9550
