• GBP /AUD strengthened on Monday as falling commodity prices and ongoing lockdowns in Australia weighed on antipodean currency.
• Iron ore futures plummeted more than 5%, under pressure from prospects for better supply and weaker Chinese demand, and oil prices continued to fall amid fears that coronavirus travel restrictions would threaten rising demand expectations.
• The pair hit daily high at 1.8922 and was last trading at 1.8892 at (GMT 19:45).
• The pairs rise above the 1.7587 has reinforced the growing bullish strength, putting focus on resistance at 1.7740.
• Immediate resistance is located at 1.8922 (Daily high), any close above will push the pair towards 1.8979 (23.6% fib).
• Immediate support is seen at 1.8873 (38.2%fib) and break below could take the pair towards 1.8843 (5DMA).
Recommendation: Good to buy on dips around 1.8870, with stop loss of 1.8790 and target price of 1.8975.


FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ CNY remains soft ahead of Fed decision
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/NZD gains some ground but bias is still bearish 



