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FxWirePro- Major US Indices 
• EUR/AUD rose on Friday as scaled up RBA rate cut expectations continue to pressure Australian dollar.
• Data released this week indicating that the Australian economy barely grew in the third quarter led markets to reduce the chances of an earlier rate cut by the Reserve Bank of Australia.
• The Reserve Bank of Australia meets on Dec. 10 and is considered certain to hold rates steady at 4.35%.
• Technical signals are bullish as RSI is higher at 65, daily momentum studies 5, 9 and 1 DMAs are trending up
• Immediate resistance is located at 1.6570 (38.2%fib), any close above will push the pair towards 1.6636(Sep 9th high)
• Support is seen at 1.6458(50 %fib ) and break below could take the pair towards 1.6339(618 %fib)
Recommendation: Good to buy around 1.6520 , with stop loss of 1.6430 and target price of 1.6550
