• EUR/AUD declined below 1.6200 level on Thursday as hawkish tone of the RBA's most recent meeting minutes continued to support the Australian dollar.
• The Australian currency has strengthened its position against the euro this week, with the Australian central bank keeping the possibility of further tightening open if deemed necessary.
•The pair is approaching 1.6166,a daily close below will accelerate towards 1.6100 level in the short term.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is sbearish at 38.
• Immediate resistance is located at 1.6265(50%fib), any close above will push the pair towards 1.6315( 11DMA).
• Strong support is seen at 1.6166 (38.2%fib) and break below could take the pair towards 1.6100 (Psychological level).
Recommendation: Good to sell around 1.6200, with stop loss of 1.6280 and target price of 1.6120


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CNY bears maintain upper hand
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/USD recovers some ground but bears are not done yet
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 



