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FxWirePro: EUR/AUD pauses upside side momentum, remains in 1.6670 handle

• EUR/AUD eased slightly from 1.6768 on Thursday as risk aversion took centre stage ahead of  key US  jobs report.

• Market participants eagerly await Friday’s Non-Farm Payroll announcement, a report with far-reaching implications for central bank decisions.

• From a technical viewpoint, RSI  is  bullish at 59, daily momentum studies, 5, 10 and 21 daily  MAs all climb.

• Immediate resistance is located at 1.6760(23.6% fib), any close above will push the pair towards 1.6800(Higher BB).

• Immediate support is seen at 1.6619(38.2%fib) and break below could take the pair towards 1.6520(11DMA).

Recommendation: Good to buy on dips around 1.6670, with stop loss of 1.6590 and target price of 1.6770
 

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