• GBP/ AUD rose sharply on Friday as dovish shift in Fed expectations boosted the pair.
• The U.S. economy added jobs at a brisk clip in February, but slower wage growth and a rise in the unemployment rate prompted markets to dial back expectations for a 50-basis point rate hike.
• At GMT 18:31 the pair was trading up 0.33 percent at 1.8268 ,higest since 21st Dec 2022 .
• Technical signals show the pair could gain more ground in the short-term as RSI is at 73,while moving averages are trending higher.
• Immediate resistance is located at 1.8295(23.6%fib), any close above will push the pair towards 1.8335 (Higher BB).
• Immediate support is seen at 1.8092 (38.2%fib) and break below could take the pair towards 1.8041 (5DMA).
Recommendation: Good to buy around 1.8260, with stop loss of 1.8190 and target price of 1.8340
