• GBP/AUD gained on Wednesday as investors reassessed the Bank of England's (BOE) rate outlook.
• Bulls have tightened their grip after registering a close above the 50%fib,scope grows for bigger gains towards 1.7800
• Technical signals are strongly bullish as RSI is bullish at 52, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.7784(38.2%fib), any close above will push the pair towards 1.7886(Higher BB).
• Immediate support is seen at 1.7710(10DMA) and break below could take the pair towards 1.7619 (50%fib).
Recommendation: Good buy around 1.7710, with stop loss of 1.7650 and target price of 1.7820
