FxWirePro- Major European Indices 
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FxWirePro- Major European Indices 
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Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists 
Ethereum Stays Resilient: ETHUSD Follows Bitcoin's Lead Above USD 2,300 
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Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls 
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions 
Aussie vs. Yen: AUDJPY Holds Critical Support Amid Minor Retracement 
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak 
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FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
- AUD/USD extends bounce off 200-DMA, breaks above 20-DMA at 0.7837.
- Traders shrug-off softer commodity prices, the pair extends post-NFP upsurge.
- Technical indicators are turning bullish. RSI has edged above 50 levels and is biased higher.
- Stochs are biased higher and momentum is bullish. We see +ve DMI dominance.
- Break out at 20-DMA raises scope then for test of 0.7893 (Feb 26 high).
Support levels - 0.7837 (5-DMA), 0.7830 (20-DMA), 0.7795 (200-DMA)
Resistance levels - 0.79, 0.7893 (38.2% Fib), 0.79, 0.7975
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-USD-holds-above-200-DMA-Aussies-slightly-bid-on-upbeat-trade-data-1190751) is progressing well.
Recommendation: Bias higher. Stay long.
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