• GBP/AUD collapsed on Monday as the fallout from the UK economic stimulus package extended.
• GBP/ AUD recovered a good portion over the massive drop during Asian session. Market likely to remain volatile due to growing global growth uncertainty.
• The pair hit daily low at 1.5924, but recovered back , it was last down 0.02% at 1.6548.
• Technical signals are bearish as RSI is at 28, daily momentum studies 5,9,21 DMA are trending south.
• Immediate resistance is located at 1.6600 (Psychological level), any close above will push the pair towards 1.6711 (5DMA).
• Strong support is seen at 1.6491 (23.6%fib) and break below could take the pair towards 1.6400 (Psychological level).
Recommendation: Good to sell around 1.6550 with stop loss of 1.6650 and target price of 1.6400


FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher but bulls lack punch
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD edges lower but bullish outlook persists 



