• GBP/AUD recovered ground on Thursday, as improved risk appetite and Gilead COVID-19 treatment news lifted British pound .
• The rallies above the 23.6% fib,lift stops short of key 1.9343 (9 DMA )resistance zone though.
• GBP/AUD remains vulnerable, only a break and daily close above 38.6% fib at 1.9449 will shift bias to the upside.
• Techicals are mixed, daily RSI rises, monthly RSI falls , daily momentum studies 5, 9 and 10 DMAs are flat.
• Immediate resistance is located at 1.9343 (9 DMA ), any close above will push the pair towards 1.9449 (38.2% fib).
• Strong support is seen at 1.9185 (23.6% fib) and break below could take the pair towards 1.8944 (Lower BB).
Recommendation: Good to sell on around 1.9450, with stop loss of 1.9480 and target price of 1.9250
