• EUR/AUD steadied on Tuesday as disappointing Chinese data, lower equity and copper prices weighed on Australian dollar.
• China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter.
• At GMT 16:58, the pair was trading up 0.64 percent at 1.6327 .
• From a technical viewpoint, RSI is strongly bullish at 51, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6321 (Daily high), any close above will push the pair towards 1.6395 (38.2%fib).
• Immediate support is seen at 1.6269 (5DMA)and break below could take the pair towards 1.6179 (38.2%fib).
Recommendation: Good to buy on dips around 1.6300, with stop loss of 1.6200 and target price of 1.6380


FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: EUR/AUD downward momentum remains in place
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/ZAR sell bias remains below key resistance zone 



