• GBP/AUD recovered some ground after initially falling on Friday as investors took heart from a slowdown in coronavirus-related deaths and new cases in Europe.
• The death toll from the virus appeared to be slowing across several European countries and the rate of new cases in Italy the worst-hit country in Europe also dipped.
• The rallied strongly,but lift stops after finding resistance at 1.8863 (23.6% fib).
• GBP/AUD remains vulnerable, only a break and daily close above 1.8863 (23.6% fib) will shift bias to the upside.
• Technical are bearish, daily RSI is negative at 30, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.8582 (5 DMA ), any close above will push the pair towards 1.8863 (23.6% fib).
• Strong support is seen at 1.8457 (Daily low) and break below could take the pair towards 1.8285 (Lower BB).
Recommendation: Good to sell on around 1.8600, with stop loss of 1.8860 and target price of 1.9250


FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary 



