GBP/AUD chart on Trading View used for analysis
- GBP/AUD spikes higher on the day supported by positive Brexit news and dismal Australia GDP.
- The pair is trading 1.12% higher on the at 1.7517, breaks above 5-DMA.
- Downside was snapped with a Doji formation on Monday's trade.
- We also evidence bullish divergence on RSI and Stochs which keeps scope for further upside.
- Next bull target lies at 23.6% Fib at 1.7567 ahead of 20-DMA at 1.7655. Break above 20-DMA could see test of 200-DMA.
- On the flipside, retrace below 5-DMA could see resumption of weakness.
Support levels - 1.7401 (5-DMA), 1.7235 (lower BB), 1.7208 (Dec 3rd low)
Resistance levels - 1.7567 (23.6% Fib), 1.7655 (20-DMA), 1.7789 (38.2% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
FxWirePro- Major Pair levels and bias summary
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro- Major Crypto levels and bias summary
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Fade the Rally: EUR/JPY Short Opportunity Near 180.80
FxWirePro: USD/JPY firms as bearish yen sentiment persists
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD hovers near 0.5600,outlook strongly bearish
FxWirePro: USD/CAD gains as broad dollar strength lifts pair
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 



