• GBP/AUD strengthened on Tuesday as downtrend in new UK COVID cases buoyed sterling against Australian dollar.
• Data on Tuesday showed new COVID-19 cases in Britain had fallen for sixth consecutive day.
• At GMT 16:05, the pair was last trading up 0.87 percent at 1.8869,higest level since 18th May 2020.
• Technical signals are bullish as RSI is at 76, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.8862(Daily high ), any close above will push the pair towards 1.8903 (23.6%fib).
• Strong support is seen at 1.8787 (38.2%fib) and break below could take the pair towards 1.8699 (50%fib).
Recommendation: Good to buy on dips around 1.8840, with stop loss of 1.8760 and target price of 1.8950


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major US Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 



