• GBP/ AUD initially dipped on Friday but recovered ground after data showed UK's economy fared better in the second quarter than previously thought.
• Latest data showed Britain's second-quarter GDP was 1.8% larger than that in the final three months of 2019.
• The pair remains weak and might fall towards 1.8850 despite better than expected UK GDP data.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 31,while moving averages and MACD are trending lower.
• Immediate resistance is located at 1.8999(38.2%fib), any close above will push the pair towards 1.9055(9DMA).
• Immediate support is seen at 1.8856(23.6%fib) and break below could take the pair towards 1.8811 (Lower BB).
Recommendation: Good to sell around 1.9000, with stop loss of 1.9180 and target price of 1.8890
