FxWirePro- Major European Indices 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: AUD/USD retreats slightly but trend is still bullish 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 
FxWirePro: USD/ZAR edges lower ,investors remain on edge 
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro: GBP/USD biased higher but rally currently stretched 
FxWirePro- Major Pair levels and bias summary 
• EUR/AUD strengthened on Monday after data showed German business morale unexpectedly improved in March despite the banking sector turmoil.
• An Ifo institute survey showed German business morale unexpectedly rose in March, adding to signs that Europe's largest economy is recovering despite the energy crisis and high inflation.
• The pair currently is approaching resistance at 23.6%fib . A break above would unmask 1.6330 level in the short term.
• From a technical viewpoint, RSI is strongly bullish at 67, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.6273(23.6%fib), any close above will push the pair towards 1.6323 (Higher BB).
• Immediate support is seen at 1.6216 (5DMA) and break below could take the pair towards 1.6121 (38.2%fib).
Recommendation: Good to buy on dips around 1.6230, with stop loss of 1.6120 and target price of 1.6310
