• GBP /AUD steadied on Thursday as sterling was supported on expectation Bank of England raise rates next week.
• The BoE meets next week with a 75bp hike mostly favored versus the more than 100bp increase seen amid the recent mini-budget ructions.
• From a technical viewpoint, RSI is bullish at 62daily momentum studies, 5, 10 and 11 are trending up.
• Immediate resistance is located at 1.8010 (23.6% fib), any close above will push the pair towards 1.8210 (Higher BB).
• Immediate support is seen at 1.7886(9DMA) and break below could take the pair towards 1.7600 (38.2%fib).
Recommendation: Good to buy on dips around 1.7920 , with stop loss of 1.7750 and target price of 1.8020
