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• GBP/ AUD strengthened on Thursday as drop in equity , commodity prices weighed on Australian dollar .
• Australian dollar also weakened against pound on concerns about interest rate hikes, global growth and China's COVID curbs.
• Technical signals show the pair could gain more ground in the short-term as RSI is 51,while moving averages are trending higher.
• Immediate resistance is located at 1.7131( 6th Sep high), any close above will push the pair towards 1.7226 (50DMA).
• Immediate support is seen at 1.7083(38.2%fib) and break below could take the pair towards 1.7054 (9DMA).
Recommendation: Good to buy around 1.7125, with stop loss of 1.7080 and target price of 1.7200
