Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/AUD dips slightly but maintains bullish outlook

• The EUR/AUD dipped   on Tuesday  as investors are assessing the potential impact of impending reciprocal tariffs after U.S. President Donald Trump.

• Investors awaited clarity on potential exemptions from Trump’s April 2 sector-specific tariffs, though an official cautioned that no final decisions had been made.

• On the economic front, German business morale improved in March, a survey showed Tuesday, as companies anticipated a recovery after two years of economic contraction.

• The Ifo Institute reported that its business climate index rose to 86.7 in March from 85.3 in February, matching forecasts.

• Immediate resistance is located at 1.7280(March 25th high), any close above will push the pair towards 1.7323(23.6%fib).

• Immediate support is seen at 1.7103(38.2%fib) and break below could take the pair towards 1.7000 (Psychological level).

Recommendation: Good to buy on dips around 1.7110, with stop loss of 1.7050 and target price of 1.7200
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.