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FxWirePro:GBP/AUD consolidates around 1.8600,bias is bullish

• 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
 

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