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•GBP/AUD declined on Thursday after the BoE delivered a dovish hold to British rates.
• The BoE's Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists' expectations .
• BoE Governor Andrew Bailey said in a statement alongside the decision that it was good news that the latest inflation data had shown inflation was back at its 2% target.
• Technical signals show the pair lose more ground in the short-term as RSI is at 42 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9078(Daily high ), any close above will push the pair towards 1.9104 (38.2%fib).
• Strong support is seen at 1.9010 (23.6%fib) and break below could take the pair towards 1.8980 (Lower BB )
Recommendation: Good to sell around 1.9030, with stop loss of 1.9150 and target price of 1.8950
