• GBP/AUD declined on Thursday as pound continued to face downward pressure amidst gloomy market sentiment.
• UK GDP data is due on Friday will provide an indication as to the state of the economy and clues on how much longer the Bank of England (BoE) can hold rates at 5.25%.
• GBP/ AUD remains well below 11 EMA ,Daily close below 50%fib support will increase the scope for much bigger drop .
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 43.
• Immediate resistance is located at 1.9229(11 EMA ), any close above will push the pair towards 1.9311( 38.2 % fib).
• Strong support is seen at 1.9178 (38.2% fib ) and break below could take the pair towards 1.9104 (April 10th low).
Recommendation: Good to sell around 1.9200, with stop loss of 1.9280 and target price of 1.9120


USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD recovers some ground but bears are not done yet
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 



