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FxWirePro: GBP/AUD key support broken, door to 1.9150 open

• GBP/AUD dipped  on Tuesday as  Australian dollar benefited from the recent rise in energy prices and some signs China's economy is stabilizing..

• Gains in gains Equity , iron-ore  also helped   drive Australian dollar  higher against pound

• GBP/AUD has pierced  the 50% fib support and for now the recent down trend is intact

• Technical are bearish, daily RSI is negative at 37, daily momentum studies  9 and 10 DMAs are trending down. 

• Immediate resistance is located at 1.9233 (50% fib ), any close above will push the pair towards 1.9272 (5DMA).

• Strong support is seen at 1.9169(Daily low) and break below could take the pair towards 1.9122 (Lower BB).

Recommendation: Good to sell on  around 1.9210, with stop loss of 1.9300 and target price of 1.9150

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