• GBP/AUD declined on Thursday after Bank of England kept its stimulus unchanged and left its benchmark interest rate at an all-time low of 0.1%.
• The MPC voted 9-0 votes in favor of leaving the key rate unchanged and leaving its corporate bonds worth £ 20 billion unchanged.
• At GMT 14:35, the pair was trading down 0.41 percent at 1.8346 after reaching daily low at 1.8330.
• The is pair heading towards the 50%fib support, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI has sharply turned down, daily momentum studies 5 and 10 DMAs are trending down.
• Immediate resistance is located at 1.8394 (9 DMA ), any close above will push the pair towards 1.8412 (38.2% fib).
• Strong support is seen at 1.8319 (38.2%fib) and break below could take the pair towards 1.8228 (61.8%fib).
Recommendation: Good to sell on around 1.8370, with stop loss of 1.8500 and target price of 1.8260


FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: USD/ZAR retreats but trend is still bullish
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro- Major Pair levels and bias summary
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 



