• EUR/AUD erased earlier gains on Wednesday as doubts about the global recovery from the pandemic kept the pair under downside pressure.
• At (GMT 16:29 ),the pair was trading at 1.6210, not far from yesterday’s low of 1.6060 .
• Selling pressure will remain in the short-term, only a move above 1.6624 ( 23.6% fib)
strong resistance would indicate the weakness in the pair has run out.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 39.
• On the upside, Immediate resistance is located at 1.6354 (11 DMA), any close above will push the pair towards 1.6624 ( 23.6% fib)
• On the downside, support is seen at 1.6165 (June 5th low) and break below could take the pair towards 1.6060 (Lower BB).
Recommendation: Good to sell around 1.6250, with stop loss of 1.6500 and target price of 1.6100.


GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Pair levels and bias summary 



