• EUR/AUD edged higher on Tuesday but gains were capped as investors adopted a cautious trading approach ahead of the Federal Reserve’s latest interest rate decision.
• Market participants are holding back on large directional bets, preferring to wait for guidance from the Fed on future monetary policy, inflation trends, and the broader economic outlook.
• No change in interest rates is expected and traders will closely analyze Chair Jerome Powell’s commentary for signals on future rate cuts, inflation risks, and economic outlook.
• Technical signals are bearish as RSI is at 39, momentum studies 11,14 and 21 DMAs are trending down.
• Strong resistance is located at 1.7327(Jan 27th high), any close above will push the pair towards 1.7316 (38.2%fib)
• Immediate support is seen at 1.7115 (23.6% fib) and break below could take the pair towards 1.7050 (Lower BB).
Recommendation: Good to sell around 1.7230, with stop loss of 1.7300 and target price of 1.7160


FxWirePro- Major European Indices
FxWirePro: USD/ZAR recovers slightly but bears are not done yet
NZDJPY Losing Its Kiwi Spark – Yen Safe-Haven Bid Takes Control
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD edges higher but bulls lack punch
Bearish Storm Brewing: Pair Trapped Below Key EMAs, Sell the Rally
FxWirePro: GBP/AUD gains some upside momentum but still bearish
AUDJPY Yen Hammer Falls – Profits Sliced, Bears Eye Sub-105
FxWirePro: GBP/USD gaining momentum for a move towards of 1.3800 level
FxWirePro: EUR/NZD recovers slightly heading into the weekend.
FxWirePro- Woodies Pivot
FxWirePro- Major Pair levels and bias summary
EURJPY Dips Bought Aggressively — Bulls in Control Above 184
FxWirePro: USD/CAD extends downtrend eyes 1.3550 level 



