• EUR/AUD strengthened on Wednesday as softer than expected Australian inflation data weighed on Australian dollar.
• Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose 6.8% in the year to February, the slowest rise since June of last year.
• The pair currently is approaching resistance at 23.6%fib . A break above would unmask 1.6300 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 1.6270(23.6%fib), any close above will push the pair towards 1.6388 (Higher BB).
• Immediate support is seen at 1.6159 (38.2%fib) and break below could take the pair towards 1.6101 (11DMA).
Recommendation: Good to buy on dips around 1.6220, with stop loss of 1.6120 and target price of 1.6300


FxWirePro- Major Crypto levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
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: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR sell bias remains below key resistance zone 



