• GBP/ AUD rebounded from earlier dip on Thursday as sterling was boosted across the board after ECB shrugged off recent market turmoil and raised rates by 50bp.
• Investors await the Bank of England's rate decision next week, with money markets seeing a 60% chance of a 25-basis-point hike.
• At GMT 18:58 the pair was trading up 0.11 percent at 1.8229 reversing course from 1.8097(Daily low).
• Technical signals show the pair could gain as RSI bullish at 69,while moving averages are trending higher.
• Immediate resistance is located at 1.8235(5DMA), any close above will push the pair towards 1.8323 (23.6%fib).
• Immediate support is seen at 1.8097 (38.2%fib) and break below could take the pair towards 1.8000 (Psychological level).
Recommendation: Good to buy around 1.8220, with stop loss of 1.8100, and target price of 1.8310
