• GBP/AUD declined on Tuesday as soft UK PMI data weighed on pound.
• S&P Global’s flash Composite Purchasing Managers’ Index (PMI), a monthly gauge of the services and manufacturing industries, fell to 51.8 in May from 57.6 in April
• The pair currently is approaching support at 1.7610 (50% fib ). A break under would unmask 1.7500 level in the short term.
• Technical signals are bearish as RSI is at 49, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7650 ( 5 DMA), any close above will push the pair towards 1.7760 (38.2% fib)
• Support is seen at 1.7610 (50% fib ) and break below could take the pair towards 1.7449 (50 DMA).
Recommendation: Good to sell on rally around 1.7650, with stop loss of 1.7750 and target price of 1.7580


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Major European Indices
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/JPY caught in narrow range, bias bearish
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: GBP/NZD gains some upside momentum but still bearish
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Crypto levels and bias summary
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 



