• EUR/AUD dipped on Wednesday as euro was weighed down amid worries about ECB bond-buying programme.
• EUR/AUD hit daily low at 1.6765, before bouncing slightly. Support at 1.6605(Lower BB) are now threatened.
• Technical signals favours bearish sentiment, RSI is at 41 and pair trades below 11 & 21-DMAs.
• Resistance is located at 1.6898 ( 5 DMA) and at 1.6960 (23.6% fib).
• Support is found at 1.6605 (Lower BB) and at 1.6537 (200 DMA).
Recommendation: Good to sell around 1.6850, with stop loss of 1.7200 and target price of 1.6650.
