• GBP /AUD firmed on Wednesday as lifting of French blockade, Brexit deal hopes boosted sterling .
• The pair hit daily high at 1.7886 and was last trading at 1.7808 at (GMT 17:28).
• The pairs rise above the 1.7795 has reinforced the growing bullish strength, putting focus on resistance at 1.7886.
• Technical signals favours bullish sentiment, RSI is pointing higher and pair trades above 5 & 9-DMAs.
• Immediate resistance is located at 1.7886 (23.6% fib), any close above will push the pair towards 1.8000 (Psychological level).
• Immediate support is seen at 1.7799 (38.2% fib) and break below could take the pair towards 1.7728 (50%fib).
Recommendation: Good to buy on dips around 1.7760, with stop loss of 1.7700 and target price of 1.8020.
