• EUR/AUD steadied on Wednesday as Ukraine-Russia negotiations continued to buoy euro.
• The moves came as Russia's promised during peace talks on Tuesday to reduce its attack on Kyiv.
• The pair is currently approaching resistance at 1.4877 ( 14DMA). Break above is likely push the pair towards 1.5000 level.
• Technical signals are turning bullish as RSI is turning higher at 40, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.4877( 14DMA), any close above will push the pair towards 1.4963 ( 50%fib)
• Strong support is seen at 1.4757(38.2%fib ) and break below could take the pair towards 1.4638 (5DMA).
Recommendation: Good to buy around 1.4830, with stop loss of 1.4700 and target price of 1.4890.
