• GBP/AUD strengthened on Friday as traders digested UK business activity data and remarks from Bank of England governor Andrew Bailey. •Traders are betting on no change to interest rates at the BoE's next meeting on November 6, and on a further two cuts next year. • Immediate resistance is located at 2.0435(SMA20), any close above will push the pair towards 2.0577(38.2%fib). • Immediate support is seen at 2.0319 (23.6%fib) and break below could take the pair towards 2.0290(Lower BB). Recommendation: Good to sell around 2.0440 with stop loss of 2.0500 and target price of 2.0350