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FxWirePro: GBP/AUD consolidating around 1.9975, bias is bullish

• GBP/AUD   steadied on Wednesday  as  investors digested  U.S. Federal Reserve's rate decision.

• The Federal Reserve kept interest rates steady, as expected, but provided little clarity on potential rate cuts for the rest of the year.

•  Fed Chair Jerome Powell emphasized that it’s still too early to gauge the effects of Trump’s policies, while reiterating the Fed’s dedication to maintaining its 2% inflation goal.
 
• Technical are bullish, daily RSI is  up at 53 , daily momentum studies  9 and 10 DMAs are trending north. 

• Immediate resistance is located at 2.0092 (38.2%fib ), any close above will push the pair towards 2.0159(Higher BB).

• Strong support is seen at 1.9941(50%fib ), and break below could take the pair towards 1.9756 (61.8%fib).

Recommendation: Good to buy  around 1.9970 with stop loss of 1.9900 and target price of 2.0100
 

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