• GBP/ AUD rose on Monday as focus shifted Bank of England to continue tightening policy to bring down inflation.
• BoE's Broadbent is due to speak on Tuesday at 0900 GMT.BoE'is expected to raise interest rates by 25 bps in May.
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 63 at,while moving averages are trending higher.
• Immediate resistance is located at 1.8662( 23.6%fib), any close above will push the pair towards 1.8714 (Higher BB).
• Immediate support is seen at 1.8566 (5DMA) and break below could take the pair towards 1.8488 (38.2%fib).
Recommendation: Good to buy around 1.8620, with stop loss of 1.8520 and target price of 1.8680
