• EUR/AUD retreated from daily high on Tuesday as riskier currencies like asustralian dollar gained after Powell testimony.
• EUR/AUD traded as high as 1.5817 before falling below 1.5800 level.
• Currently, the 1.5730 (50% fib)barrier is restricting lower move, will likely be a speed bump to bears.
• Technical signals are bullish as RSI is at 52, daily momentum studies 5, 9 and 14 DMAs are trending north.
• Immediate resistance is located at 1.5791 (38.2%fib ), any close above will push the pair towards 1.5825(Jan 11th HIgh).
• Strong support is seen at 1.5759 (5DMA) and break below could take the pair towards 1.5730 (50% fib).
Recommendation: Good to buy on dips around 1.5760, with stop loss of 1.5700 and target price of 1.5800.


FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Pair levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



