• EUR/AUD strengthened on Thursday but gains were limited as investors digested U.S. GDP data
• At GMT 17:19, the pair was trading up 0.13 percent at 1.6481 after reaching daily low at 1.6411.
• Today's bounce away from strong support may be beginning of bull sign, Hold within 1.6479/1.6410 range would be a sing of consolidation.
• Immediate resistance is located at 1.6489 ( 50%fib), any close above will push the pair towards 1.6537(SMA 50)
• Support is seen at 1.6401 (61.8% fib ) and break below could take the pair towards 1.6362(April 10th low).
Recommendation: Good to buy around 1.6460 with stop loss of 1.6350 and target price of 1.6540
