• GBP/AUD declined on Friday as cautiously dovish outlook from the Bank of England and downbeat retail sales data weighed on pound.
• Retail sales volumes unexpectedly fell by 0.3% in February from January. Economists polled had on average forecast of 0.6% monthly rise.
• The is pair heading towards the lower BB, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 25, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7611 (23.6%fib ), any close above will push the pair towards 1.7764 (38.2%fib).
• Strong support is seen at 1.7521 (Daily low ), and break below could take the pair towards 1.7424(Lower BB).
Recommendation: Good to sell on around 1.7540, with stop loss of 1.7660 and target price of 1.7490


FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD moves lower on weak UK data 



