• EUR/AUD rebounded strongly on Tuesday as Australian dollar slipped lower after weak Australian economic data.
• Australia recorded a current account deficit of AUD 4.9 billion in Q1, missing the market estimate of a AUD 5.9 billion surplus and following a revised surplus of AUD 2.7 billion in Q4 2023.
• Corporate profits fell by 2.5% quarter-on-quarter in the first quarter, following a revised growth of 7.1% in the fourth quarter. This decline was significantly below the market estimate of -0.9%.
• Technical signals show the pair could gain more ground in the short-term as RSI is pointing up at 52, daily momentum studies 5, and 9 DMAs are trending north.
• Immediate resistance is located at 1.6390(38.2%fib), any close above will push the pair towards 1.6404(Higher BB).
• Immediate support is seen at 1.6339 (50% fib) and break below could take the pair towards 1.6292(61.8%fib).
Recommendation: Good to buy on dips around 1.6350, with stop loss of 1.6200, and target price of 1.6410


FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Crypto levels and bias summary
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro -Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro- Major Crypto levels and bias summary 



