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FxWirePro- Major Pair levels and bias summary 
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Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
• EUR/AUD declined on Wednesday as hawkish RBA rate stance boosts carry demand .
• Australia's central bank cut interest rates for the second time this year on Tuesday. RBA trimmed its cash rate a quarter point to a fresh all time trough of 2.0 percent.
• EUR/AUD chart has taken a turn for the worse ,overall risk growing for a bigger drop to towards 1.6000 level
• Technical signals are bearish as RSI is heading down at 33, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6137 ( Daily high), any close above will push the pair towards 1.6178(38.2%fib)
• Support is seen at 1.6078(23.6%fib ) and break below could take the pair towards 1.6000(Psychological Level).
Recommendation: Good to sell on rally around 1.6130, with stop loss of 1.6250 and target price of 1.6020
