• GBP/AUD initially dipped on Wednesday but recovered some ground as the pair struggled for direction ahead of Fed rate decision
• In an up-and-down session, the pair hit low at 1.8692 in early trading then gained towards 1.8806.
• Technical are bullish, daily RSI is rising at 59, daily momentum studies 11and 14 DMAs are trending up.
• Immediate resistance is located at 1.8815 (23.6%fib ), any close above will push the pair towards 1.8937(Higher BB).
• Strong support is seen at 1.8700(5DMA) and break below could take the pair towards 1.8618 (Daily low).
Recommendation: Be on sidelines
