• GBP/AUD strengthened on Thursday as Australian dollar weighed down by weak commodities prices.
• Australian dollar also weakened due to the Reserve Bank of Australia's push back against bets for 2022 interest rate.
• The is pair heading towards the 1.8670 (23.6% fib), as near term direction of the pair is likely to be driven by current price action.
• Technical are bullish, daily RSI is positive at 59, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.8572 (38.2%fib ), any close above will push the pair towards 1.8670 (23.6% fib).
• Strong support is seen at 1.8487 (50%fib) and break below could take the pair towards 1.8400 (61.8%fib).
Recommendation: Good to buy around 1.8500, with stop loss of 1.8340 and target price of 1.8600
