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• GBP/ AUD rose sharply on Monday as sterling was boosted after Britain's new Brexit trade deal.
• Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen announced a new Brexit deal for Northern Ireland.
• At GMT 17:03, the pair was trading up 0.59 percent at 1.7887 , highest since Jan 20th.
• Technical signals show the pair could gain more ground in the short-term as RSI is rising at 66,while moving averages are trending higher.
• Immediate resistance is located at 1.7913( 21DMA), any close above will push the pair towards 1.7956 (Jan 19th high).
• Immediate support is seen at 1.7724 (5DMA) and break below could take the pair towards 1.7676 (38.2%fib).
Recommendation: Good to buy around 1.7880, with stop loss of 1.7780 and target price of 1.8030
