• GBP/ AUD eased slightly towards 1.9300 on Thursday as investors digested ECB meeting and US GDP data.
• The economic calendar for GBP was quiet this week, but Wednesday's UK Purchasing Managers' Index (PMI) numbers topped expectations.
• Pair traded in a quiet 1.9270 /1.9367 range and was last trading at down at 1.9300 in late US session.
• Technical lean bullish as RSI is at 61 , daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9360(Daily high), any close above will push the pair towards 1.9396 (23.6%fib).
• Strong support is seen at 1.9247 (38.2%fib) and break below could take the pair towards 1.9207 (Jan 19th low)
Recommendation: Good to buy around 1.9280 with stop loss of 1.9180 and target price of 1.9370
