• EUR/AUD advanced on Wednesday as investors digested the Federal Reserve held interest rate decision.
• The Federal Reserve's decision to keep its benchmark interest rate unchanged at 3.50%-3.75% was widely expected. However, three of the 12 FOMC members dissented, voting in favor of a 25-basis-point rate hike,
• Risk sentiment also deteriorated, with declines in stocks, gold, and silver, while comments from President Trump added to market caution, keeping EUR/AUD anchored near 1.5495.
• Immediate resistance is located at 1.6498(38.2%fib), any close above will push the pair towards 1.6505(50%fib)
• Support is seen at 1.6383(SMA20)and break below could take the pair towards 1.6302 (Lower BB)
Recommendation: Good to sell around 1.6500 , with stop loss of 1.6640 and target price of 1.6410
