• GBP/ AUD strengthened on Friday after data showed that retail sales volumes in the UK grew at the fastest pace in almost two years .
• GBP/ AUD is now on course to register a close above the 23.6%fib resistence, if broken would will rise towards 1.9050 Level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64,while moving averages .
• Immediate resistance is located at 1.8866(23.6%fib), any close above will push the pair towards 1.9035(April 28th high).
• Immediate support is seen at 1.8849(5DMA) and break below could take the pair towards 1.8662 (38.2%fib).
Recommendation: Good to buy around 1.8940, with stop loss of 1.8850 and target price of 1.9050
