• GBP /AUD Initially gained on Tuesday but gave up most of the ground as markets assessed the severity of the Omicron coronavirus variant on the world economy.
• Added uncertainty over rising Covid-19 cases, a new Covid-19 variant is causing volatility in the market.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 60 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8764 (23.6% fib), any close above will push the pair towards 1.8846 (Sep 28th high).
• Immediate support is seen at 1.8635 (38.2%fib) and break below could take the pair towards 1.8527 (50%fib).
Recommendation: Good to buy on dips around 1.8650, with stop loss of 1.8500 and target price of 1.8740.


FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
GBPJPY Slips After Sterling Weakness, Bears Eye 216
Major Pair Action Bias: Bullish Pairs to Watch Out For
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 



