• GBP/AUD gained on Thursday as pound was supported by rapid vaccine distribution and growing evidence that the easing of pandemic restrictions is supporting UK growth.
• GBP/AUD rose 0.47%, finding buyers above the 100DMA and failed key support break at 23.6%fib. GBP/AUD bulls now target the 50 % fib at 1.9398.
• At GMT 17:58, the pair was trading up 0.44 percent at 1.7956 after reaching daily low at 1.9165.
• Technicals highlight upside risks-rising daily RSIs imply upside momentum, the 5-day moving is rising and the 100-DMA helped limit GBP/AUD downside.
• Immediate resistance is located at 1.7996(38.2%fib ), any close above will push the pair towards 1.8050 (April 19th high).
• Strong support is seen at 1.7932(50%fib ) and break below could take the pair towards 1.7866(61.8%fib)
Recommendation: Good to buy on dips around 1.7920, with stop loss of 1.7800 and target price of 1.8000


FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro- Woodies pivot (Major)
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



