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FxWirePro: GBP/AUD longs maintain the advantage after better than expected US CPI data

• GBP/ AUD experienced a significant rise on Thursday after data showed that U.S. consumer price inflation came in above economists' expectations in December.

• The U.S. Consumer Price Index (CPI) headline increased by 0.3%, surpassing expectations of 0.2%. The annual gain reached 3.4%, exceeding the projected 3.2%.

 • At GMT 17:22, the pair was trading up 0.52 percent  at 1.9112 after reaching daily high at 1.8972

• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 62,while moving averages are trending up.

• Immediate resistance is located at 1.9112 (23.6%fib), any close above will push the pair towards 1.9132 (Higher BB).

• Immediate support is seen at 1.9017 (38.2%fib) and break below could take the pair towards 1.8980 (Daily low).

Recommendation: Good to buy around 1.9090, with stop loss of 1.9000 and target price of 1.9160

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