• GBP/AUD gained on Wednesday as unexpected rise in May UK GDP supported pound.
• The rallies above the 1.7600 level but lift stopped after finding resistance at 1.7633 (21DMA).
• GBP/AUD technical outlook is bearish in short-term as RSI has turned lower, moving averages are mixed.
• Immediate resistance is located at 1.7633 (21DMA ), any close above will push the pair towards 1.7721 (38.2% fib).
• Strong support is seen at 1.7506 (Lower BB) and break below could take the pair towards 1.7437 (23.6% fib).
Recommendation: Good to sell around 1.7620, with stop loss of 1.7770 and target price of 1.7540
