• EUR/AUD declined on Monday as increased risk appetite and higher commodities prices boosted Australian dollar ahead of Australian retail sales data.
• Investors will be closely monitoring Australian retail sales data, which is set to be released on Tuesday. Economists are projecting a modest increase of 0.1% in retail sales for April, following a 0.4% decline in March.
• Retail sales data is significant as it provides insights into consumer spending and economic health in Australia.
• Technical signals are bearish as RSI is heading down at 34, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6360 ( 38.2% fib), any close above will push the pair towards 1.6405(50% fib)
• Support is seen at 1.6302(23.6%fib ) and break below could take the pair towards 1.6254( (May 22nd low).
Recommendation: Good to sell on rally around 1.6330, with stop loss of 1.6450 and target price of 1.6220


Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/NZD gains some upside momentum but still bearish 



