FxWirePro: EUR/AUD key resistance capped, but charts point north

• EUR/AUD   retreated slightly towards  1.6455  on Tuesday as the cross pair failed to break resistance at  1.6537.

• Pair traded in   1.6533/1.6388  range and was last trading at 1.6459 into the US afternoon. 

• Technical signals are bushish as RSI is at 58, daily momentum studies  5,9 and 10 DMAs are trending up. 

•  Immediate resistance is located at 1.6537 ( 23.6%fib), any close above will push the pair towards 1.6631 (Higher BB).

• Strong  support is seen at 1.6404 (11DMA ) and break below could take the pair towards 1.6355 (11DMA).

Recommendation: Good to buy  around 1.6460, with stop loss of 1.6350 and target price of 1.6520