• GBP/ AUD strengthened on Friday as weaker Australian dollar and expected interest rates hike by Bank of England's next week boosted the pair.
• UK rate markets are currently forecasting a rate hike of more than 25 basis points in the upcoming BoE meeting.
• At GMT 18:58, the pair was trading up 1.42 percent,highest level since since 12th July .
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 62.
• Immediate resistance is located at 1.9327(23.6%fib), any close above will push the pair towards 1.9374 (Higher BB).
• Strong support is seen at 1.9182 (38.2%fib) and break below could take the pair towards 1.9116(5DMA )
Recommendation: Good to buy around 1.9300 with stop loss of 1.9210 and target price of 1.9410
