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FxWirePro:GBP/AUD uptrend gains momentum on Britain's new Brexit trade deal,good to buy on dips

• GBP/ AUD rose sharply on Monday   as sterling was boosted after Britain's new Brexit trade deal.

• Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen  announced a new Brexit deal for Northern Ireland.

 • At GMT 17:03, the pair was trading up 0.59 percent  at 1.7887 , highest since Jan 20th.

• Technical signals show the pair could gain more ground in the short-term as RSI is rising at 66,while moving averages are trending higher.

• Immediate resistance is located at 1.7913( 21DMA), any close above will push the pair towards 1.7956 (Jan 19th high).

• Immediate support is seen at 1.7724 (5DMA) and break below could take the pair towards 1.7676 (38.2%fib).

Recommendation: Good to buy around 1.7880, with stop loss of 1.7780 and target price of 1.8030

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