FxWirePro: GBP/AUD holds support at 61.8% Fib, 'Dragonfly Doji' formation raises scope for upside

GBP/AUD chart on Trading View used for analysis

• GBP/AUD edges higher from session lows at 1.7612, trades largely unchanged at 1.7751 at 1145 GMT.
   
• The pair has held support at 61.8% Fib and further weakness only on break below.
   
• We evidence a 'Dragonfly Doji' formation on the daily candle which raises scope for upside.
   
• 21-EMA is major resistance at 1.7817, break above could see further upside.
   
• On the flipside, break below 61.8% Fib could see drag till 78.6% Fib at 1.7439.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.