• EUR/AUD strengthened on Tuesday as lower commodity prices and soured risk sentiment weighed on Australian dollar.
• Dalian iron ore fell over 2% and Lon copper eased 0.25% to weigh on Australian dollar.
• The pair is approaching 23.6%fib,a daily close below will accelerate towards 1.5500 in the short term.
• From a technical viewpoint, RSI is strongly bullish at 69, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5496(23.6%fib), any close above will push the pair towards 1.5542(Higher BB).
• Immediate support is seen at 1.5383(5DMA) and break below could take the pair towards 1.5306(38.2%fib).
Recommendation: Good to buy on dips around 1.5460, with stop loss of 1.5380 and target price of 1.5500.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: AUD/USD dips on soft China data
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



