• GBP/AUD rose on Thursday as investors reacted to stronger-than-expected UK GDP data, which reinforced optimism about the British economy.
• The pair was further supported by diverging monetary policy expectations, with the Bank of England signaling a potentially tighter stance compared to the Reserve Bank of Australia’s more cautious approach
• Official figures published on Thursday showed that after an unusually strong 0.7% expansion in the first three months of 2025, gross domestic product grew 0.3% in the second quarter.
• Technical are bullish , daily RSI is bullish at 64, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 2.0859 (50% fib), any close above will push the pair towards 2.1000(Psychological level).
• Strong support is seen at 2.0682 (Daily low) and break below could take the pair towards 2.0597(SMA 20).
Recommendation: Good to buy on around 2.0820, with stop loss of 2.0750and target price of 2.0900


FxWirePro- Major Pair levels and bias summary
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FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
FxWirePro: GBP/NZD gains some upside momentum but still bearish
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FxWirePro: NZD/USD trades in narrow range ,outlook bullish
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FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
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