FxWirePro: GBP/AUD falls sharply after UK fiscal event and UK PMI data, could be on verge of a bigger drop

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- EURUSD Daily Outlook

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (NZDUSD) for the day)

FxWirePro-Major pair levels and bias summary

FxWirePro :EUR/NZD heads deeper into bear territory, bears plotting path toward 1.7600

FxWirePro :GBP/NZD extends fall , poised for further downside

FxWirePro:EUR/AUD drifts lower , could be on verge of a bigger drop

FxWirePro- Top altcoins for the day (Strength index) (WLDUSD)

FxWirePro- Top altcoins for the day (Strength index) (COMPUSD)

FxWirePro : EUR/NZD downtrend extends ,eyes 23.6% fib support

FxWirePro : GBP/AUD recovery facing steep rock, likely to falter

FxWirepro- GBPJPY Daily Outlook

FxWirePro:GBP/NZD rebounds but bears are not done yet

FxWirePro- EURUSD Daily Outlook

FxWirePro :GBP/NZD downtrend loses steam but outlook still bearish

FxWirePro- Gold Daily Outlook

FxWirePro:EUR/AUD attracts selling interest, vulnerable to more downside

FxWirePro- EURUSD Daily Outlook

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro: GBP/AUD falls sharply after UK fiscal event and UK PMI data, could be on verge of a bigger drop

Friday, September 23, 2022 6:43 PM UTC

• GBP/AUD declined sharply on Friday after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a bid to boost growth.

•The pound tumbled against Australian dollar after Kwarteng's speech, and was last trading around 1.6660 down 1.6% against the Australian dollar .

•The pair is approaching 23.6%fib,a daily close below will accelerate towards 1.6500 in the short term.

• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 30.

• Immediate resistance is located at 1.6830(38.2%fib), any close above will push the pair towards 1.6918 ( 5DMA).

• Strong support is seen at 1.6644 (23.6%fib) and break below could take the pair towards 1.6600 (Lower BB).

Recommendation: Good to sell around 1.6650, with stop loss of 1.6760and target price of 1.6570

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Tesla Updates Model Y for China Release With No Price Mark Up

Honda Korea Co. Looks to Revive Sales with Expanded Product Lineup

The fight for 2% − how residuals became a sticking point for striking actors

Apple Works on iOS Update to Address Overheating Issues in iPhone 15 Models

Amazon Gift Cards Purchase Confirmation Alarmed Customers, Raised Hacking Concerns

Bitcoin, Ethereum Prices Surged, Dissolving $70M in Crypto Shorts

Trade unions and the new economy: 3 African case studies show how workers are recasting their power in the digital age

Singapore’s SingTel Telecom Sells Trustwave Cyber Security Stake for $205M

Foreign policy has been missing from NZ's election campaign – voters deserve answers to these big questions

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02

Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon

Tel. +82.2.6332.2245

Editor's Picks

Welcome to EconoTimes