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FxWirePro: GBP/AUD consolidating around 1.8555, bias is bullish

• GBP/AUD strengthened on Thursday as  Australian dollar weighed down by weak commodities prices.

• Australian dollar also weakened due to the Reserve Bank of Australia's push back against bets for 2022 interest rate.

• The is pair heading towards the 1.8670 (23.6% fib), as near term direction of the pair is likely to be driven by current price action.  

• Technical are bullish, daily RSI is positive at 59, daily momentum studies  9 and 10 DMAs are trending up. 

• Immediate resistance is located at 1.8572 (38.2%fib ), any close above will push the pair towards 1.8670 (23.6% fib).

• Strong support is seen at 1.8487 (50%fib) and break below could take the pair towards 1.8400 (61.8%fib).

Recommendation: Good to buy  around 1.8500, with stop loss of 1.8340 and target price of 1.8600

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