• GBP/AUD rose on Thursday as investors reacted to stronger-than-expected UK GDP data, which reinforced optimism about the British economy.
• The pair was further supported by diverging monetary policy expectations, with the Bank of England signaling a potentially tighter stance compared to the Reserve Bank of Australia’s more cautious approach
• Official figures published on Thursday showed that after an unusually strong 0.7% expansion in the first three months of 2025, gross domestic product grew 0.3% in the second quarter.
• Technical are bullish , daily RSI is bullish at 64, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 2.0859 (50% fib), any close above will push the pair towards 2.1000(Psychological level).
• Strong support is seen at 2.0682 (Daily low) and break below could take the pair towards 2.0597(SMA 20).
Recommendation: Good to buy on around 2.0820, with stop loss of 2.0750and target price of 2.0900
