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FxWirePro: GBP /AUD getting back on track for a run towards 1.7500

• GBP /AUD steadied around 1.7430 on Friday as buying driven by solid U.S. payrolls data.

• Data showed U.S. employers hired more workers than expected in September and the unemployment rate dropped.

• The pair hit daily high at 1.7485 and was last trading at 1.7434 late in US session.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 59 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up. 

• Immediate resistance is located at 1.7495(Daily high), any close above will push the pair towards 1.7658 (23.6% fib).

• Immediate support is seen at 1.7342 (38.2% fib) and break below could take the pair towards 1.7255 (9DMA).

Recommendation: Good to buy on dips around 1.7420, with stop loss of 1.7250 and target price of 1.7650.

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