- EUR/AUD has held above 38.2% Fib support at 1.4615, weakness only on break below.
- Daily ichi cloud also offers strong support on the downside.
- The pair is extending rebound for 2nd consecutive day, intraday bias neutral.
- Price action hovering around 50-DMA at 1.4730, close above could invalidate bearish bias.
- We see bearish divergence from price action on RSI and Stochs on the daily chart.
- MACD shows continuation of trend lower. Next bear target on break below 38.2% Fib lies at 200-DMA 1.4377.
- On close above 50-DMA, pair could then rebound till 20-DMA at 1.4933.
Support levels - 1.4615 (38.2% Fib), 1.4573 (cloud top), 1.4443 (May 2 low), 1.4377 (200-DMA)
Resistance levels - 1.4702 (5-DMA), 1.4718 (50-DMA), 1.4849 (23.6% Fib), 1.4919 (20-DMA)
Call update: Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-breaks-below-50-DMA-eyes-200-DMA-at-14377-stay-short-764501) has been stopped out.
Recommendation: Wait for clear directional bias.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 68.1476 (Bearish), while Hourly AUD Spot Index was at 42.837 (Neutral) at 1040 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/USD bulls remain cautiously optimistic
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major European Indices
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 



