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FxWirePro: GBP/USD bulls remain cautiously optimistic 
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FxWirePro -Major European Indices 
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FxWirePro:NZD/USD continues to recovers , upside pressure builds 
• EUR/AUD initially gained on Friday but gave up due to heightened risk aversion due to geopolitical tensions.
• On the data front, German Producer Price Index saw a 0.2% increase, marking a notable upturn from the preceding -0.4% and exceeding the expected
• In an up-and-down session, the pair hit high at 1.6537 in early trading then dipped towards 1.6650.
• Technical signals are bullish as RSI is at 57 , simple moving averages 9, 10 and 11 are trending up.
• Immediate resistance is located at 1.6609 ( 38.2%fib), any close above will push the pair towards 1.6680(23.6% fib)
• Support is seen at 1.6565(5SMA ) and break below could take the pair towards 1.6549 (50%fib).
Recommendation: Good to buy around 1.5800, with stop loss of 1.5660 and target price of 1.5870.
