• GBP/AUD initially dipped on Wednesday but recovered ground as a skid in global share markets and a selloff in U.S. Treasuries slugged risk sentiment .
• At GMT 17:46, the pair was trading up 0.05 percent at $1.8698.
• Technical are bearish, daily RSI is negative at 26, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.8767 (38.2%fib ), any close above will push the pair towards 1.8799(9DMA).
• Strong support is seen at 1.8618(23.6%fib) and break below could take the pair towards 1.8578 (Lower BB).
Recommendation: Good to sell on around 1.8710, with stop loss of 1.8850 and target price of 1.8530
