• EUR/AUD strengthened on Friday as mixed signals from US Jobs report lifted the pair higher.
• U.S. jobs data on Friday sent mixed signals as it showed strong job creation but also an easing of wage growth.
• EUR/AUD is now on course to register close above the 1.6184 (23.6% fib), break above will likely see a much bigger rise.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• Immediate resistance is located at 1.6184 (23.6% fib),any close above will push the pair towards 1.6221(Higher BB ).
• Immediate support is seen at 1.6009 (38.2% fib) and break below could take the pair towards 1.5944 (9th March low ).
Recommendation: Good to buy 1.6140 with stop loss of 1. 1.6080 and target price of 1.6200
