• GBP/ AUD strengthened on Tuesday as elevated interest rate hike bets from the Bank of England and weaker Australian dollar benefited bulls.
• At GMT 17:27, the pair was trading up 0.81 percent at 1.9041 after hitting daily high at 1.9067.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 67,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.9075 ( Daily high), any close above will push the pair towards 1.8554 (23.6%fib).
• Immediate support is seen at 1.8865 (38.2%fib) and break below could take the pair towards 1.8825(5DMA).
Recommendation: Good to buy around 1.9030, with stop loss of 1.8900 and target price of 1.9100
