• GBP/ AUD strengthened on Friday as risk-sensitive Australian dollar sank on lower commodities and equities prices .
• GBP/ AUD is now on course to register a close above the 38.2%fib resistence, if broken would will rise towards 1.7850 Level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 60,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.7785(38.2%fib), any close above will push the pair towards 1.7920 (23.6%fib).
• Immediate support is seen at 1.7667 (50%fib) and break below could take the pair towards 1.7630(5DMA).
Recommendation: Good to buy around 1.7720, with stop loss of 1.7640 and target price of 1.7800
