• GBP/AUD initially dipped but recovered ground on Wednesday after U.S. Federal Reserve left interest rate unchanged .
• GBP/AUD remains below key resistance in the 1.8809 zone ahead of Fed risk event.
• Technical are bearish, daily RSI is negative at 44, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.8680 (9DMA ), any close above will push the pair towards 1.8809 (38.2%fib).
• Strong support is seen at 1.8529 (50%fib ), and break below could take the pair towards 1.8479 (Lower BB).
Recommendation: Good to sell on around 1.8740, with stop loss of 1.8850 and target price of 1.8630
