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FxWirePro : GBP/AUD attracts buying interest,23.6% fibonacci eyed

• GBP/AUD gained on Tuesday, rebounding from the previous session's losses   as risk sentiment recovered.

•  At GMT 17:25, the pair was trading up 0.31 percent  at 1.8878 after reaching daily low at 1.8794.

• Technical signals are bullish as RSI is at 56, daily momentum studies  5, 9 and 10 DMAs are trending up. 

• Immediate resistance is located at 1.8929 (23.6%fib ), any close above will push the pair towards 1.8993 (Higher BB).

• Strong support is seen at 1.8800(38.2%fib) and break below could take the pair towards 1.8696 (50%fib).

Recommendation: Good to buy on dips around 1.8850, with stop loss of 1.8800 and target price of 1.8920.
 

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