GBP/AUD - indicators pointing to possibly more upside for Sterling

Taking a look at GBP/AUD as the daily chart points to possibly more upside for the pair in the coming day/week. Currently, the pound is trading at £1.9528 against the Aussie dollar with what seems like a newly established support level around £1.9278 after testing the 50-day moving average this time last week. The near-term resistance here for the pair is the price level of £1.9538 followed by £1.9570. A break above £1.9570 could pave the way to re-test the area of £1.9700-£1.9800 after failing to consolidate round there in early August. On the other hand, a fall below the support of £1.9270 may result in a slip below the 200MA, which could spark a fresh sell-off back towards the area of £1.8900-£1.9000. The technical indicators point to a rebuild of bullish momentum as the MACD is seen crossing above its signal line, and the RSI is back to bullish territory as it's reading 56.