FxWirePro: GBP/AUD uptrend gains momentum but hurdles ahead 
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FxWirePro: GBP/AUD recovers from initial decline, bias is bullish 
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FxWirePro: EUR/ NZD gently bid,a close above a key level needed to tighten grip 
FxWirePro: GBP/NZD propelled towards 2.0990 by strong UK PMI data, good to buy on dips 
FxWirePro- Major Pair Levels and Bias Summary 
FxWirePro: GBP/NZD maintains bullish bias with focus on 2.1100 level 
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FxWirePro: EUR/AUD bulls rebuilding within solid support at 1.6405 
FxWirePro- Major Pair Levels and Bias Summary 
FxWirePro: GBP/NZD consolidates around 2.0980,bias is bullish 
FxWirePro: EUR/AUD edges up, may have another go at key resistance 
FxWirePro: EUR/NZD steadies as Eurozone PMI data helps longs take the reins 
FxWirePro: EUR/NZD hovers around 1.8030, bias is bullish 
• EUR/AUD declined on Monday as investors braced for prolonged uncertainty to fight the coronavirus.
• Fears mounted that the global coronavirus shutdown could last for months.
• At GMT 18:10, the pair was trading 0.80% lower at 1.6829 in the late US session.
• Technical lean bearish, RSI has turned lower, momentum studies, 5, 10 DMAs falling southwards.
• On the upside, Immediate resistance is located at 1.8146 ( 5DMA), any close above will push the pair towards 1.8484 (61.8% fib).
• On the downside, support is seen at 1.7535 (38.2% fib) and break below could take the pair towards 1.7020 (23.6% fib).
Recommendation: Good to sell on rallies around 1.8100, with stop loss of 1.8500 and target price of 1.7500.
