Thursday, October 15, 2026

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FxWirePro: EUR/AUD major resistance at 1.56, further upside only on breaks above

EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes yesterday which saw markets push out rate cut bets. The pair has recovered the steep slump post RBA minutes, up from hit session lows at 1.5366 to currently tr…

By FxWire Pro
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FxWirePro: EUR/AUD major resistance at 1.56, further upside only on breaks above
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  • EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes yesterday which saw markets push out rate cut bets.
     
  • The pair has recovered the steep slump post RBA minutes, up from hit session lows at 1.5366 to currently trade at 1.5519.
     
  • Downside finds strong support by daily cloud top at 1.5359, break below needed for further downside.
     
  • Stochs are at overbought levels so some caution advised, while RSI strength seen at 64 levels.
     
  • Break below daily cloud finds next strong support at 1.5292 (200-DMA) and further below at 1.5220 (May 5th lows).
     
  • On the upside breaks above 1.56 will take the pair to next major hurdle at 1.57.
     

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Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team