• News of terror attack in Brussels overshadows upbeat German IFO and PMI data, Euro remains under pressure.
   
• The German IFO indices – current assessment, business climate indicator and expectations – printed higher than estimates. Furthermore, Eurozone preliminary PMI figure was better-than-expected as well.
   
• EUR/AUD hits session lows at 1.4727, slips below 5-DMA support at 1.4808.
   
• Pair is extending consolidation after bounce from 1.4467, and sees strong support at 1.47 levels.
   
• Techs are biased higher, breaks above 1.50 could see upside. We see further weakness only on breaks below 1.47, pair could then test 1.4595 levels. 
   
• Immediate support and resistance are located at 1.47 (trendline) and 1.4898 (Mar 21st highs) respectively.