• GBP/AUD declined on Wednesday the hawkish RBA’s policy outlook boosted Australian dollar against pound.
• RBA on Tuesday ruled out any possibility of an interest rate cut this year, citing that core inflation is projected to decrease gradually. This decision comes after the bank maintained steady interest rates for the sixth consecutive meeting.
• The is pair heading towards the lower 50% fib, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 50, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9480 (38.2% fib), any close above will push the pair towards 1.9653 (23.6% fib).
• Strong support is seen at 1.9337 (50% fib) and break below could take the pair towards 1.9125(61.8% fib).
Recommendation: Good to sell on around 1.8430, with stop loss of 1.8550 and target price of 1.9340


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD advances on steady UK GDP growth 



