• GBP/ AUD gained on Monday as lockdown lifting, expectations for BoE rate hikes boosted sterling against Australian dollar, despite concerns of spike in global COVID-19 cases .
• UK's lockdown-ending "Freedom Day" encouraged the market to push back against the notion of an accelerated path to BoE rate hikes.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 67,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.8658( Higher BB), any close above will push the pair towards 1.8700(23.6%fib).
• Immediate support is seen at 1.8586 (38.2%fib) and break below could take the pair towards 1.8552(9DMA).
Recommendation: Good to buy around 1.8600, with stop loss of 1.8500 and target price of 1.8690
