GBP/AUD chart - Trading View
- GBP/AUD is trading 0.39% higher on the day at 1.8674 at 0555 GMT, scope for further upside.
- The pair is extending breakout above 200-W SMA and we see scope for further upside.
- Technical studies on the daily charts are biased higher. Stochs and RSI show bullish momentum.
- Weakness in Aussie across the board after dismal Q4 GDP data is pushing the pair higher.
- Aussie dampened by poor Q4 GDP data and dovish comments from RBA’s Lowe. Focus now on Thursday’s trade balance and retail sales data.
- Continuation of upside momentum to see test of major trendline resistance at 1.89. Further upside only on break above.
- On the flipside, immediate support is seen at 5-DMA at 1.8637. Retrace below 200-W SMA negates bullish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113 



