• EUR/AUD rose above 1.7000 level on Wednesday as investors flocked to the euro amid optimism over the German spending proposal.
• Germany proposed €500 billion infrastructure fund boosted Europe’s growth outlook amid trade tensions.
• The U-turn in Berlin late on Tuesday marks a potential sea change in economic policy after decades during which Germany’s neighbours have criticised it for holding regional growth back with excessive budgetary thrift.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 77,while moving averages are trending higher.
• Immediate resistance is located at 1.7110(23.6%fib), any close above will push the pair towards 1.7167(Higher BB).
• Immediate support is seen at 1.6928 (38.2% fib) and break below could take the pair towards 1.6776 (50% fib).
Recommendation: Good to buy on dips around 1.7000, with stop loss of 1.6920 and target price of 1.7080


FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: USD/CAD neutral in the near term, scope for further upside
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/AUD falls after BoE rate hold
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: NZD/USD edges lower, remains on back foot 



