• EUR/AUD rebounded strongly on Wednesday as the pair attracted buyers ahead of the ECB's policy announcement.
• Investors do not expect the European Central Bank to raise interest rates when it meets this week, but are still prepared for borrowing costs to remain high.
• A daily close above 38.2%fib will further improve the technical outlook, and open the possibility of a rally towards 1.7200 level.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.6735 (38.2%fib), any close above will push the pair towards 1.6856(23.6%fib).
• Immediate support is seen at 1.6633(50%fib) and break below could take the pair towards 1.6603(21DMA).
Recommendation: Good to buy on dips around 1.6720, with stop loss of 1.6600 and target price of 1.6800


FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 



