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•GBP/AUD strengthened on Monday as Australian dollar was weighed down by global growth and China lockdown concerns .
•The is pair heading towards the 1.7787 (Higher BB), as near term direction of the pair is likely to be driven by current price action.
•Technical are strongly bullish, daily RSI is positive at 51, daily momentum studies 9 and 10 DMAs are trending up.
•Immediate resistance is located at 1.7709 (23.6%fib), any close above will push the pair towards 1.7787 (Higher BB).
•Strong support is seen at 1.7642 (5DMA) and break below could take the pair towards 1.7576(38.2%fib).
Recommendation: Good to buy around 1.7680 with stop loss of 1.7540 and target price of 1.7780
