• GBP /AUD declined on Friday as higher oil prices and a 3% rise in Dalian iron ore underpinned Australian dollar.
• The pair hit daily low at 1.8842 and was last trading at 1.8850 .
• Technical signals are bearish as RSI is at 46, daily momentum studies 9, 11 and 21 DMAs are trending down.
• Immediate resistance is located at 1.8989(5DMA), any close above will push the pair towards 1.9115 (23.6%fib).
• Immediate support is seen at 1.8835(38.2%fib) and break below could take the pair towards 1.8760 (May 24th low).
Recommendation: Good to sell around 1.8850, with stop loss of 1.8960 and target price of 1.8780


FxWirePro: EUR/NZD downside pressure builds, key support level in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Crypto levels and bias summary
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



