Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Urban studies: Doing research when every city is different 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro-Major European Indices 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
EUR/JPY Powers Higher for 2nd Day — Bulls Charge Toward 187+ Breakout 
GBP/AUD chart on Trading View used for analysis
- GBP/AUD consolidates previous session's gains, bias higher.
- The pair has tested 23.6% Fib retracement at 1.7770 and bullish divergence keeps scope for further upside.
- Stochs and RSI are showing a rollover from oversold levels and MACD is also on verge of a bullish crossover.
- Next major resistance aligns at 21-EMA at 1.7869. Break above targets 38.2% Fib at 1.7953.
- We see immediate support at 5-DMA at 1.7685. Break below 1.7485 (trendline support) to see major weakness.
Support levels - 1.7685 (5-DMA), 1.76, 1.7474 (Nov 16 low)
Resistance levels - 1.7869 (21-EMA), 1.7953 (38.2% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
