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FXstreet.com (San Francisco) - GBP/AUD spiked to new intraday highs in Asia, climbing to as high as 1.5229 from an earlier low of 1.5176 after HSBC cut its China 2012 growth forecast to 8.0% from 8.4% and its 2013 forecast to 8.5% from 8.8%, weakening the Australian dollar across the board. The mentioned price action encountered offers at the 61.8% Fibonacci retracement level of Friday's range (1.5167/1.5272). At the time of writing, GBP/AUD is quoted in the 1.5215 price zone, around 25 pip above its stating price. If the advance continues in the sessions ahead, resistance lies at 1.5245 (21-week EMA), 1.5268 (38.2%, 1.6186/1.4704) and 1.5300 (figure). To the downside, offers support at 1.5200 (21-hourly EMA), 1.5175 (55-hourly EMA).

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