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FxWirePro: GBP/AUD bulls undeterred, eyes 1.8600 level

• GBP /AUD strengthened on Thursday as the pair   benefitted  from ECB event  , shrugging off rising Delta COVID cases.

• The pair hit daily high at 1.8349 and was last trading at 1.8342 at (GMT 15:37).

• The pairs rise above the at    38.2%fib  has reinforced the growing bullish strength, putting focus on resistance at 1.8600.

• Immediate resistance is located at 1.8560 (23.26%fib), any close above will push the pair towards 1.8587(Higher BB).

• Immediate support is seen at 1.8484 (38.2%fib) and break below could take the pair towards 1.84599(5DMA).

Recommendation: Good to buy on dips around 1.8540, with stop loss of 1.8430 and target price of 1.8620.
 

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