• GBP/AUD dipped on Friday as gains in equity , iron-ore lifted Australian dollar
• Dalian iron ore futures edged higher on Friday after a record 10-session slide.
• At GMT 15:55, the pair was trading down 0.57 percent at 1.7667.
• Technicals lean bearish as RSI is falling, 38.2% fib resistance has limited gains
• Immediate resistance is located at 1.7758 (Higher BB ), any close above will push the pair towards 1.7574 (38.2%fib).
• Strong support is seen at 1.7662 (50%fib) and break below could take the pair towards 1.7569(11DMA).
Recommendation: Good to sell around 1.7670 with stop loss of 1.7750 and target price of 1.7600.
