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FxWirePro:GBP/AUD consolidating around 1.7915, bias is bullish

• GBP/AUD steadied on Thursday as investors placed bets on riskier assets as minutes from the last Federal Reserve meeting raised the prospect of slower U.S. interest rate hikes. 

•  At GMT 17:57, the pair was trading 0.06% higher at 1.7916, after hitting daily high  at 1.7875.

• Today’s rise has passed through the 5DMA at 1.7876 and now eyes the  1.8064 (23.6%fib).  

• Technical signals are bullish as RSI is is 59  , daily momentum studies  5, 9 and 11 DMAs are trending up. 

• Immediate resistance is located at 1.8064 (23.6%fib), any close above will push the pair towards 1.8156 (Higher BB).

• Strong support is seen at 1.7876(5DMA) and break below could take the pair towards 1.7782 (38.2%fib).

Recommendation: Good to buy  around 1.7900, with stop loss of 1.7800 and target price of 1.7970

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