• 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: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: EUR/AUD downward momentum remains in place
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro- Major Pair levels and bias summary
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Pair levels and bias summary
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY remains in familiar place on intervention threat 



