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FxWirePro: GBP/ AUD steadies around 1.9300 after early weakness

• 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

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