• GBP/AUD extended its yesterday’s decline as US-China trade tensions and lingering Brexit concerns weighed on British pound.
• The pullback from the recent 1.9530 high has passed through the 23.6% fibonacci retrace point at 1.9424 and now eyes the lower bollinger bands at 1.9060.
• Technical signals are bearish as RSI is at 40, daily momentum studies 50 DMA, 5 EMA are trending down.
• Immediate resistance is located at 1.9424 ( 23.6% fib), any close above will push the pair towards 1.9500 ( 21 DMA).
• Immediate support is seen at 1.9275 (9 DMA) and break below could take the pair towards 1.9050 (Lower BB).
Recommendation: Good to sell around 1.9300, with stop loss of 1.9430 and target price of 1.9050.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Major European Indices
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part 



