• GBP/ AUD rose sharply on Tuesday after the Reserve Bank of Australia (RBA) surprised markets with a smaller-than-expected interest rate increase.
• Reserve Bank of Australia (RBA) raised its cash rate to a nine-year peak of 2.60%.
• The pair currently is approaching resistance at 1.7674( 23.6%fib). A break above 23.6%fib would unmask 1.7700level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 55,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.7674( 23.6%fib), any close above will push the pair towards 1.7756 (Higher BB).
• Immediate support is seen at 1.7422 (38.2%fib) and break below could take the pair towards 1.7231 (50%fib).
Recommendation: Good to buy around 1.7600, with stop loss of 1.7500 and target price of 1.7700


Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



