• GBP/AUD steadied around 1.8220 on Wednesday as markets firmed as European financial turmoil fears waned.
• Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled
• Pair traded in a quiet 1.8150/1.8240 range and was last trading at 1.8221 in late US session.
• Technical signals are bullish as RSI is at 69, daily momentum studies 10,11 and 14 DMAs are trending up.
• Immediate resistance is located at 1.8262 ( 23.6%fib), any close above will push the pair towards 1.8337(Higher BB)
• Support is seen at 1.8127 (9DMA) and break below could take the pair towards 1.8063 (38.2%fib).
Recommendation: Good to buy around 1.8200 , with stop loss of 1.8120 and target price of 1.8280
