• GBP/AUD eased on Thursday after the Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25%.
• The BoE decision was closely watched for clues on how central banks globally will balance taming inflation and maintaining growth. .
• Technical signals are bullish as RSI is at 60, daily momentum studies 5,10 ,21 DMA are trending up.
• Immediate resistance is located at 1.9470( 23.6%fib), any close above will push the pair towards 1.9500 ( Higher BB).
• Strong support is seen at 1.9332 (38.2%fib) and break below could take the pair towards 1.9245 (5DMA).
Recommendation: Good to buy around 1.9350, with stop loss of 1.9230 and target price of 1.9460
