• GBP/ AUD experienced a significant rise on Thursday after data showed that U.S. consumer price inflation came in above economists' expectations in December.
• The U.S. Consumer Price Index (CPI) headline increased by 0.3%, surpassing expectations of 0.2%. The annual gain reached 3.4%, exceeding the projected 3.2%.
• At GMT 17:22, the pair was trading up 0.52 percent at 1.9112 after reaching daily high at 1.8972
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 62,while moving averages are trending up.
• Immediate resistance is located at 1.9112 (23.6%fib), any close above will push the pair towards 1.9132 (Higher BB).
• Immediate support is seen at 1.9017 (38.2%fib) and break below could take the pair towards 1.8980 (Daily low).
Recommendation: Good to buy around 1.9090, with stop loss of 1.9000 and target price of 1.9160
