- EUR/AUD retraced dip below 50-DMA in last week's trade and has since held above.
- Technical indicators are slightly bullish. RSI and stochs are biased higher and 5-DMA has turned.
- The pair has broken above daily cloud and cloud top at 1.4881 is now immediate support.
- The pair has broken above 5-DMA and is on track to test major trendline resistance at 1.50.
- Violation at trendline could see further upside. Test of 1.5111 (May 26 high) and then 1.5226 (June 1st high) then likely.
- On the flipside, we see weakness only on decisive break below 50-DMA at 1.4819. Scope then for test of 1.46 (trendline).
Support levels - 1.4866 (5-DMA), 1.4819 (50-DMA), 1.4732 (Aug 17 low)
Resistance levels - 1.49, 1.4965 (Aug 4 high), 1.50 (trendline), 1.5020 (Aug 14 high)
Recommendation: Good to go long on close above 5-DMA, SL: 1.4820, target 1.50/ 1.5020.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: EUR/AUD under pressure as key support gives way 



