• GBP/AUD initially gained on Monday but gave up ground as last weeks dovish tone that accompanied the BoE's latest 25bp rate hike kept bearish pressure on the pair.
• Investors attention shifts key drivers for the currency, including inflation data, a panel discussion from BoE Governor Andrew Bailey and finance minister Rishi Sunak's spring statement.
• Technicals are favouring bearish sentiment as RSI is at 29 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 1.7913 (38.2%fib ), any close above will push the pair towards 1.7980 (14DMA).
• Immediate support is seen at 1.7752 (23.6%fib ), break below could take the pair towards 1.7703 (1st Jul 20 low).
Recommendation: Good to sell around 1.7790 with stop loss of 1.7980 and target price of 1.7700


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/AUD moves lower on weak UK data 



