Thursday, October 15, 2026

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FxWirePro: EUR/AUD fails at major resistance at 1.56, upside only on breaks above

EUR/AUD extends gains for the second straight session on Aussie weakness post weak jobs report. Australia's unemployment rate held steady at 5.7% in March, while 10,800 jobs were added, below expectations of a 12,000 net…

By FxWire Pro
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FxWirePro: EUR/AUD fails at major resistance at 1.56, upside only on breaks above
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  • EUR/AUD extends gains for the second straight session on Aussie weakness post weak jobs report.
     
  • Australia's unemployment rate held steady at 5.7% in March, while 10,800 jobs were added, below expectations of a 12,000 net increase. 
     
  • The labor force participation rate unexpectedly fell from 64.9% in March to 64.8% last month, the lowest in almost a year.
     
  • Upside in the pair remains capped by strong trendline resistance at 1.56 levels. While cloud offers strong support on the downside.
     
  • Stochs are at overbought levels so some caution advised, while momentum studies are bullish, RSI strength seen at 65 levels.
     
  • Break below daily cloud finds next strong support at 1.5298 (200-DMA) and further below at 1.5220 (May 5th lows).
     
  • On the upside breaks above 1.56 will take the pair to next major hurdle at 1.57.
     

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team