• EUR/AUD strengthen on Thursday as the Fed's tone offset a hawkish shift from Australia's central bank, while a pullback in commodity prices also reversed some of their recent strength.
• Oil prices fell after rising uncertainty over the eurozone's ability to effectively sanction Russian energy exports.
• The pair currently is approaching resistance at 1.4571(38.2%fib). A break above 1.4571 would unmask 1.4700 level in the short term.
• Immediate resistance is located at 1.4571(38.2%fib), any close above will push the pair towards 1.4639 (11DMA).
• Immediate support is seen at 1.4496 (Daily low) and break below could take the pair towards 1.4318(23.6%fib).
Recommendation: Good to buy on dips around 1.4550, with stop loss of 1.4400 and target price of 1.4700
