• GBP /AUD steadied around 1.7430 on Friday as buying driven by solid U.S. payrolls data.
• Data showed U.S. employers hired more workers than expected in September and the unemployment rate dropped.
• The pair hit daily high at 1.7485 and was last trading at 1.7434 late in US session.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 59 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7495(Daily high), any close above will push the pair towards 1.7658 (23.6% fib).
• Immediate support is seen at 1.7342 (38.2% fib) and break below could take the pair towards 1.7255 (9DMA).
Recommendation: Good to buy on dips around 1.7420, with stop loss of 1.7250 and target price of 1.7650.
