• GBP/AUD strengthened on Monday as rising COVID cases & fresh restrictions in China weighed on Australian dollar strongly.
• Rising COVID cases in China may fuel renewed lockdowns which may hindering economic growth, which could negatively impact Australian currency which has strong trade ties which china.
•The pair is testing resistance 1.7909 (23.6% fib), a daily close below will accelerate upside towards 1.8000 (Psychological level ).
• Technicals are favouring bullish sentiment as RSI is at 58 and the pair is trading above 5, 9 & 11-DMAs.
• Immediate resistance is located at 1.7909 (23.6% fib), any close above will push the pair towards 1.8070(Higher BB).
• Support is seen at 1.7672 (9DMA)and break below could take the pair towards 1.7565(38.2% fib).
Recommendation: Good to buy around 1.7860, with stop loss of 1.7700 and target price of 1.8000.


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/NZD edges lower but bullish outlook persists 



