• EUR/AUD rebounded on Thursday as market sentiment improved after the U.S. ended its longest federal shutdown on record.
• Late on Wednesday, US President Donald Trump signed the legislation ending a 43-day government shutdown and enabling the release of a backlog of US macroeconomic data..
• The shutdown was the longest in U.S. history, disrupting air travel, reducing food assistance for low-income households, and leaving over a million federal workers unpaid for more than a month.
• On the data front, Eurozone industrial production rose 0.2% month-on-month in September 2025, partially rebounding from a revised 1.1% drop in August but missing expectations for a 0.7% increase..
• On an annual basis, industrial production rose 1.2%, below expectations of 2.1%, underscoring continued weakness in the sector.
• Immediate resistance is located at 1.7854(38.2%fib), any close above will push the pair towards 1.7977 (Higher BB).
• Support is seen at 1.7744(SMA 20) and break below could take the pair towards 1.7535 (50%fib).
Recommendation: Good to buy around 1.7800, with stop loss of 1.7730 and target price of 1.7860
