• GBP/ AUD strengthen on Tuesday as the pairs rise was influenced by strong UK jobs data.
• UK jobs data showed that British employers hired a record number of staff in November, suggesting that the labour market withstood the end of the government's furlough scheme.
• The pair currently is approaching resistance at 1.8629( 38.2%fib). A break above 11.8651 would unmask 1.8700 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 53,while moving averages are trending higher.
• Immediate resistance is located at 1.8629( 38.2%fib), any close above will push the pair towards 1.8747 (23.6%fib).
• Immediate support is seen at 1.8534 (50%fib) and break below could take the pair towards 1.8433 (61.8%fib).
Recommendation: Good to buy around 1.8590, with stop loss of 1.8480 and target price of 1.8680
