• GBP/ AUD gained on Wednesday as upbeat risk sentiment continued to lift the pair higher .
• The pair currently is approaching 100DMA resistance, A break above would unmask 1.8700 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 55,while moving averages are trending higher.
• Immediate resistance is located at 1.8601( 100DMA), any close above will push the pair towards 1.8667( 23.6%fib).
• Immediate support is seen at 1.8584 (38.2%fib) and break below could take the pair towards 1.8553 (11DMA).
Recommendation: Good to buy around 1.8600, with stop loss of 1.8520 and target price of 1.8660
