• EUR/AUD declined on Monday as China's better-than-feared factory activity data and higher oil prices buoyed Australian dollar
• The rate decision by the Reserve Bank of Australia is the key risk event this week, with markets suspecting policymakers will hold rates steady but a slim majority of economists favouring a hike.
•A close below support at 38.2%fib will give further momentum to bears, opening the way for a run towards 1.6250 level.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI has turned lower.
• Immediate resistance is located at 1.6422( 14DMA), any close above will push the pair towards 1.6476 ( 50%fib).
• Strong support is seen at 1.6345(38.2%fib) and break below could take the pair towards 1.6287 (July 27th low).
Recommendation: Be on sidelines


FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/USD recovers some ground but bears are not done yet 



