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FxWirePro: AUD/USD gains some ground but outlook is bearish 
GBP/AUD chart on Trading View used for analysis
- GBP/AUD struggles to break above 200-DMA, trades rangebound at 1.7890 at 0600 GMT.
- The pair is trading higher for the 3rd straight session, bias is bullish.
- RSI is above 50 and biased higher. Stochs have bounced of near oversold levels and bias higher.
- Price action extends in 'Symmetric Triangle' pattern and break above 200-DMA could see further upside.
- Next major resistance above 200-DMA lies at 61.8% Fib at 1.8148 ahead of 'Traingle Top' at 1.8220.
- On the flipside, 5-DMA is immediate support at 1.7822. Break below eyes 1.7650 (Triangle base).
Support levels - 1.7855 (110-EMA), 1.7822 (5-DMA), 1.78
Resistance levels - 1.7894 (200-DMA), 1.7968 (50% Fib), 1.8148 (61.8% Fib)
Recommendation: Watchout for break above 200-DMA to go long.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
