• EUR/AUD strengthened on Monday as Australian dollar weakened after data showed the Chinese economy is grew more slowly than anticipated.
• China reported growth of 0.8% in the second quarter, above the 0.5% forecast, while the annual pace slowed more than expected to 6.3%, well below expectations.
• EUR/AUD approaching resistance at 23.6%fib . A break above would unmask 1.6550 level in the short term.
• From a technical viewpoint, RSI is strongly bullish at 58, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6536 (23.6%fib), any close above will push the pair towards 1.6575 (Higher BB).
• Immediate support is seen at 1.6404 (5DMA) and break below could take the pair towards 1.6360 (38.2%fib).
Recommendation: Good to buy on dips around 1.6460, with stop loss of 1.6340 and target price of 1.6560.


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
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/ZAR sell bias remains below key resistance zone
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



