• EUR/AUD rose on Thursday as risk aversion and lower commodity prices undermined Australian dollar against euro.
• The is pair heading towards the 1.5900 level, as near term direction of the pair is likely to be driven by current price action.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5873 (23.6%fib), any close above will push the pair towards 1.5924(Higher BB).
• Immediate support is seen at 1.5823 (5DMA) and break below could take the pair towards 1.5740 (38.2%fib).
Recommendation: Good to buy on dips around 1.5820, with stop loss of 1.5740 and target price of 1.5930.


JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/NZD gains some ground but bias is still bearish
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 



