FxWirePro: EUR/CHF edges higher after 5 straight days of weakness, upbeat German retail sales buoys euro
FxWirePro: GBP/AUD remains bullish as rally continues
•GBP /AUD strengthened on Thursday as the pair continued to benefit from hawkish Fed dot plots.
•The pair hit daily high at 1.8444 and was last trading at 1.8420 at (GMT 15:47).
•The pairs rise above the 38.2%fib has reinforced the growing bullish strength, putting focus on next resistance at 1.8528.
•Immediate resistance is located at 1.8448(Higher BB), any close above will push the pair towards 1.8528 (23.6%fib).
•Immediate support is seen at 1.8419 (38.2%fib) and break below could take the pair towards 1.8338 (5DMA).
Recommendation: Good to buy on dips around 1.8410, with stop loss of 1.8320 and target price of 1.8500.