• 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
