• GBP/ AUD steadied on Thursday as sterling was boosted across the board ahead of UK GDP data.
• Traders focus also stayed on global rate outlook after expectations rose this week for bigger interest rate hikes from the U.S Federal Reserve.
• At GMT 16:32 the pair was trading up 0.33 percent at 1.8023 reversing course from daily low 1.7921(Daily low).
• 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 1.8029(23.6%fib), any close above will push the pair towards 1.8080 (Higher BB).
• Immediate support is seen at 1.7916 (5DMA) and break below could take the pair towards 1.7865 (38.2%fib).
Recommendation: Good to buy around 1.8000, with stop loss of 1.7900 and target price of 1.8100
