• EUR/AUD steadied around 1.6520 on Wednesday as euro gained against Australian dollar despite weak German industrial output data.
• German industrial production fell more than expected in December, the federal statistics office said on Wednesday.
• Industrial production fell in December by 1.6% compared with the previous month. Analysts polled by Reuters had predicted a 0.4% fall.
• From a technical viewpoint, RSI is strongly bullish at 54, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6550(38.2%fib), any close above will push the pair towards 1.6621 (Higher BB).
• Immediate support is seen at 1.6468(50% fib) and break below could take the pair towards 1.6382(61.8%fib).
Recommendation: Good to buy on dips around 1.6510, with stop loss of 1.6410 and target price of 1.6600.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CAD bulls continue to hold the higher ground
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 



