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• GBP/ AUD declined on Friday as investors digested raft of UK data and U.S. inflation data.
• The pair hit daily high at 1.8535 and was last trading at 1.8433.
• A daily close above the 23.6%fib at 1.8541will further improve the technical outlook, and open the possibility of a rally 1.8600.
• Immediate resistance is located at 1.8541(23.6%fib), any close above will push the pair towards 1.8595(Higher BB).
• Support is seen at 1.8415 (5DMA) and break below could take the pair towards 1.8333(38.2%fib).
• Recommendation: Good to buy around 1.8420, with stop loss of 1. 8300 and target price of 1.8500
