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• GBP/AUD declined on Thursday as better than expected Aus jobs data boosted Australian dollar against pound.
• The Australian labour report showed 53,000 net new jobs were created in March, more than double forecasts of 20,000 and a second straight month of strong gains
• StrongAus labour report suggested the RBA might choose to resume its tightening campaign after pausing this month, even though markets are still pricing it as an outside chance.
• Price slides to 1.8460 from 1.8658 Daily high. The pair has seen a 1.8658 -1.8460 range, on Thursday
• Immediate resistance is located at 1.8521 ( 5DMA), any close above will push the pair towards 1.8713(38.2%fib)
• Immediate support is seen at 1.8427(38.2%fib) and break below could take the pair towards 1.8206 (50%fib).
Recommendation: Good to sell around 1.8460, with stop loss of 1.8550 and target price of 1.8360.
