GBP/AUD chart on Trading View used for analysis
- GBP/AUD trades 0.21% lower at 1.8211 at 1055 GMT.
- The pair has paused 3 straight sessions of gains and is extending weakness after an inverted hammer formation at highs.
- Major trend in the pair is bullish and price action is extending upside in rising channel pattern.
- We see minor weakness on the intraday charts. Breach at immediate support at 1H 110-EMA at 1.8188 could see minor weakness.
- Dip till 5-DMA at 1.8156 then likely. Break below 21-EMA support at 1.8103 can see weakness till channel base.
- On the upside, we see scope for test of major trendline resistance at 1.85. Further bullishness can see test of channel top at 1.87.
Support levels - 1.8189 (1H 110-EMA), 1.8157 (5-DMA), 1.8103 (21-EMA)
Resistance levels - 1.8403 (78.6% Fib), 1.85 (trendline), 1.8522 (Jan 25 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: AUD/USD gains some ground but outlook is bearish
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



