• GBP/ AUD extended its yesterday’s bounce as drop in COVID-19 cases in UK and broad Australian dollar weakness lifted the pair further.
• The pair is attempted to breach resistance at 1.8973(38.2% fib). A break above the at 38.2% fib could lead to a run at 1.9070.
• Technically, the pairs setup looks bullish with 5, 10 and 21 daily moving averages are trending up, while RSI is strongly bullish at 78.
• Immediate resistance is located at 1.8973(38.2% fib), any close above will push the pair 1.9050 (23.6% fib).
• Immediate support is seen at 1.8888 (50% fib) and break below could take the pair towards 1.8834 (DMA).
Recommendation: Good to buy around 1.8920 with stop loss of 1.8820 and target price of 1.9050


FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: NZD/USD edges lower, remains on back foot
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 



