• EUR/AUD declined on Friday as higher commodity prices and increased risk appetite supported commodity linked Australian dollar.
• Selling pressure will remain in the short-term, only a move above 2.0140 ( 61.8 % fib) strong resistance will shift the bias higher.
•Today’s drop has put EUR/AUD back below 50%fib and has put the 1.5652 (61.8%fib)back in play.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 49.
• Immediate resistance is located at 1.5761 (11DMA), any close above will push the pair towards 1.5792(38.2%fib).
• Immediate support is seen at 1.5708(Daily low) and break below could take the pair towards 1.5652 (61.8%fib).
Recommendation: Good to sell round 1.5720 with stop loss of 1.5790 and target price of 1.5650


Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Major US Indices
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
0.7870 Break Looms – Next Stop 0.7800 for USDCHF? 



