• GBP/ AUD rose sharply on Thursday after better-than-expected UK PMI data depicted a more robust economic scenario than initially anticipated .
• The final S&P Global/CIPS UK Services Purchasing Managers' Index (PMI) rose to 53.4 in December, showing the sector grew more strongly in December than an initial reading of 52.7 and November's 50.9.
• At GMT 19:32, the pair was trading up 0.59 percent at 1.8919 after reaching daily high at 1.8934
• Technical signals show the pair could gain more ground in the short-term as RSI is rising from below,while moving averages are trending higher.
• Immediate resistance is located at 1.8964 (38.2%fib), any close above will push the pair towards 1.9046 (23.6%fib).
• Immediate support is seen at 1.8894 (50%fib) and break below could take the pair towards 1.8824 (61.8%fib).
Recommendation: Good to buy around 1.8910, with stop loss of 1.8840 and target price of 1.8970
