• GBP/ AUD strengthened on Friday as sterling was supported by increased risk sentiment ahead of August 4th BoE meeting.
• Money markets currently suggest a bold 50 basis point hike from the BoE on Aug. 4 is much more likely than a conservative 25 bps increase.
• The pair hit daily high at 1.7465 and was last trading at 1.7405. A break and daily close above 1.7479 (50%fib) will accelerate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is rising,while moving averages 5,9 and 11 DMA’s are trending higher.
• Immediate resistance is located at 1.7479(50%fib), any close above will push the pair towards 1.7561 (July 18th high).
• Immediate support is seen at 1.7376 (11DMA) and break below could take the pair towards 1.7339 (38.2%fib).
Recommendation: Good to buy around 1.7400, with stop loss of 1.7300 and target price of 1.7500


FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major European Indices 



