• GBP/AUD declined on Thursday as BoE dashed hopes for faster tightening .
• The Bank of England raised interest rates but appeared less certain about the pace of further tightening to combat runaway inflation.
• The is pair piar is approaching 23.6%fib, break below will accelerate further down trend.
• Technical are bearish, daily RSI is negative at 31, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7953 (38.2%fib ), any close above will push the pair towards 1.8083 (50%fib).
• Strong support is seen at 1.7797(23.6%fib ), and break below could take the pair towards 1.7730(7th March low).
Recommendation: Good to sell on around 1.7830, with stop loss of 1.7980 and target price of 1.7700
