• GBP/AUD extended its yesterday’s bounce as reduced coronavirus angst gave the pair a lift, despite lingering concerns.
• Any downside correction is likely to be temporary as barrier at 1.9515 (lower ascending trend line) is set to restricting lower move.
• Technical signals are bullish as RSI is at 46, daily momentum studies 50 DMA, 5 EMA are trending up.
• On the upside, Immediate resistance is located at 1.9849 ( 9 DMA), any close above will push the pair towards 2.0003 ( 21 DMA).
• On the downside, strong support is seen at 1.9656 (5 DMA) and break below could take the pair towards 1.9515 (Lower trendline).
Recommendation: Good to buy around 1.9700, with stop loss of 1.9515 and target price of 2.0000.


FxWirePro- Major Crypto levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: AUD/USD dips below lower range, bearish bias increases
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Pair levels and bias summary 



