• GBP/ AUD initially gained on Wednesday but gains fizzled as worries about a slowdown in economic growth in UK dragged the pair towards recent lows.
• The (PMI) data showed growth in Britain’s private sector slowing to a crawl in August, with factory output falling and the larger services sector ekeing out only a modest expansion.
• The pair drops below the 5-DMA ,break below 23.6%fib support will accelerate downtrend towards 1.6950 level.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 37 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.7098 (5DMA), any close above will push the pair towards 1.7159(38.2%fib).
• Support is seen at 1.7083(23.6%fib) and break below could take the pair towards 1.6993(Lower BB).
Recommendation: Good to sell around 1.7100, with stop loss of 1.7200 and target price of 1.7000


FxWirePro: USD/CAD bulls continue to hold the higher ground
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro- Major Pair levels and bias summary
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary 



