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• GBP /AUD strengthened on Tuesday as sterling benefited from surge in UK employee numbers and weaker Australian dollar.
• The pair hit daily high at 1.8920 and was last trading at 1.8870 at (GMT 18:04).
• The pairs rise above the 1.8838 (38.2%fib)has reinforced the growing bullish strength, putting focus on at 1.9000(Psychological level).
• Immediate resistance is located at 1.8940 (23.6%fib), any close above will push the pair towards 1.9000(Psychological level).
• Immediate support is seen at 1.8838 (38.2%fib) and break below could take the pair towards 1.8754 (50%fib).
Recommendation: Good to buy around 1.8860, with stop loss of 1.8750 and target price of 1.8960.
