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FxWirePro:GBP/AUD moves lower after Fed policy statement

• GBP/AUD declined on Wednesday as markets turn towards riskier currencies like Australian dollar  after Fed policy statement.

• GBP/AUD fell below 1.8500, support at 1.8468 (50%fib) holding .A  close and break below will open the door towards 1.8400 level. 

• Technical are bearis, daily RSI is negative at 5, daily momentum studies  5, 9 and 10 DMAs are trending down. 

• Immediate resistance is located at 1.8523 (5 DMA ), any close above will push the pair towards 1.8564 (50% fib).

• Strong support is seen at 1.8468 (50%fib) and break below could take the pair towards 1.8375 (61.8%fib).

Recommendation: Good to sell on  around 1.8500, with stop loss of 1.8650 and target price of 1.9440

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