• GBP/AUD initially firmed on Friday but gains faded as investors digested US jobs data.
• In an up-and-down session, the pair hit high at 1.9619 in early trading then dipped towards 1.9521 .
• Technical signals are mixed as RSI is trending lower , daily momentum studies 21,and 30 DMA are trending north.
• Immediate resistance is located at 1.9688 (38.2%fib ), any close above will push the pair towards 1.9817 (Aug 16th high).
• Strong support is seen at 1.9491 (30DMA) and break below could take the pair towards 1.9470 (50%fib).
Recommendation: Good to buy around 1.9500 with stop loss of 1.9410 and target price of 1.9590.
