• GBP/AUD initially dipped on Tuesday but recovered ground as investors remained cautious on risk assets amid growing tensions in Ukraine and bet the Federal Reserve will hike rates.
• Pair traded in a narrow range of 1.8872-1.8910, staying close to yesterday's price.
• Any downside correction is likely to be temporary as barrier at 1.8802 (50%fib) is set to restricting lower move.
• Technical signals are bullish as RSI is at 58, daily momentum studies 5 ,11 and 14 DMA’s are trending up.
• Immediate resistance is located at 1.8903 (38.2%fib ), any close above will push the pair towards 1.8967 (June 24th high).
• Strong support is seen at 1.8859 (5 DMA) and break below could take the pair towards 1.8800 (50%fib).
Recommendation: Good to buy on dips around 1.8860 with stop loss of 1.8800 and target price of 1.8970.


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major) 



