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FxWirePro: USD/CAD retreats slightly but trend is still bullish 
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FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
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Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
• GBP /AUD initially gained but gave up ground as investors assessed the latest U.S. inflation data.
• Inflation data out of the U.S. on Wednesday showed consumer prices rose as expected in October, and progress towards low inflation in the world's biggest economy has slowed since mid-year.
•Technicals are favouring bearish sentiment as RSI is trending lower at 42 and the pair is trading below 5,9 & 21-SMAs.
• Immediate resistance is located at 1.9616 (38.2%fib), any close above will push the pair towards 1.9693 (Nov 4th high).
• Immediate support is seen at 1.9496 (50%fib) and break below could take the pair towards 1.9440(Nov 7th low).
Recommendation: Good to sell round 1.9590, with stop loss of 1.9650 and target price of 1.9520
