• GBP/AUD eased slightly on Wednesday after the Federal Reserve left its key interest rate unchanged .
•The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.
• Choppy overnight action leads to a short lived dip but, holds near 1.9315 as price nears the 38.2% fib.
• Technical signals are bullish as RSI is at 50, daily momentum studies 5,9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9308( 23.6%fib), any close above will push the pair towards 1.9398 (Higher BB )
• Strong support is seen at 1.9156(38.2%fib ) and break below could take the pair towards 1.9061(50%fib).
Recommendation: Good to buy around 1.9190, with stop loss of 1.9100 and target price of 1.9260
