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FxWirePro: GBP/AUD getting back on track for a run towards 1.8300 level ,good to buy on dips

• GBP/AUD steadied around  1.8220 on Wednesday as markets firmed as European financial turmoil fears waned.

• Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled

• Pair traded in a quiet 1.8150/1.8240  range and was last trading at 1.8221 in late US session.

• Technical signals are bullish as RSI is at 69, daily momentum studies  10,11 and 14 DMAs are trending up.

•   Immediate resistance is located at 1.8262 ( 23.6%fib), any close above will push the pair towards 1.8337(Higher BB)

• Support is seen at 1.8127 (9DMA) and break below could take the pair towards 1.8063 (38.2%fib).

Recommendation: Good to buy   around 1.8200  , with stop loss of 1.8120  and target price of 1.8280 

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