• GBP/AUD strengthened on Wednesday as UK lockdowns lifting hints and improved UK growth view supported gains.
• Bullish tone is increasing, a break and daily close above 1.8115 (Higher BB) will accelerate further gains.
• Technical are bullish, daily RSI is bullish at 59, daily momentum studies 11and 14 DMAs are trending up.
• Immediate resistance is located at 1.8115 (Higher BB ), any close above will push the pair towards 1.8153 (23.6%fib).
• Strong support is seen at 1.8021 (9DMA) and break below could take the pair towards 1.7968(9DMA).
Recommendation: Good to buy around 1.8090, with stop loss of 1.8000 and target price of 1.8150
