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FxWirePro: GBP/AUD capped by the 50.0% Fibonacci, good to sell on rally

• GBP/AUD initially gained on Friday  but rally fizzled out as after data showed U.S. employers hired far more workers than expected in March.

• U.S. job growth soared in March, easily beating expectations,   which also showed a steady increase in wages.

• Technical lean bearish, RSI is turning sharply lower, momentum studies, 5, 10 DMAs falling southwards. While, RSI is down at 40.

• Immediate resistance is located at 1.9240( 5EMA), any close above will push the pair towards 1.9292 (38.%fib).

• Support is seen at 1.9162(50%fib) and break below could take the pair towards 1.9000 (Psychological level).

Recommendation: Good to sell   around 1.9210, with stop loss of 1.9350 and target price of 1.9120
 

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