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FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro: EUR/CAD extends fall, vulnerable to more downside

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FxWirePro- Major Pair levels and bias summary

FxWirePro: GBP/AUD downside pressure builds, key support level in focus

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FxWirePro: USD/CAD outlook weaker on renewed downside pressure

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FxWirePro:GBP/AUD gives back early gain, scope for downward resumption

Thursday, February 25, 2021 4:58 PM UTC

• GBP/ AUD recovered some ground on Thursday as the pair was supported by global equity gains on dovish Powell.

• The pair is holding near today's high, but repeated failures to push above 1.7789 is discouraging retreat.

• The pair is set to resume its downtrend, only a break and daily close above 50% fib at 1.7918 will shift bias to the upside.

• Technical signals are bearish as RSI is at 46, 11, 21 DMAs are trending down.

• Immediate resistance is located at 1.7789 (38.2% fib), any close above will push the pair towards 1.7883 (11DMA).

• Immediate support is seen at 1.7685 (Lower BB) and break below could take the pair towards 1.7620(23.6%fib).

Recommendation: Good sell around 1.7740, with stop loss of 1.7920 and target price of 1.7600

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FxWirePro:GBP/AUD gives back early gain, scope for downward resumption

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