• EUR/AUD initially dipped but recovered ground on Wednesday as diverging interest rate expectations between the Eurozone and Australia supported the pair.
• Reserve Bank of Australia signalled a likely pause in rate increases in April after raising interest rates to an 11-year high.
• The dovish tilt by the RBA stood in contrast with European Central Bank which indicated more rate hikes from the ECB in coming months even amid signs of easing price pressures
• The pair currently is approaching resistance at 38.2%. A break above would unmask 1.6100 level in the short term.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.6049 (23.6%fib ), any close above will push the pair towards 1.6100(Psychological level).
• Immediate support is seen at 1.5931 (Daily low) and break below could take the pair towards 1.5877 (38.2%fib).
Recommendation: Good to buy on dips around 1.5980, with stop loss of1.5780 and target price of 1.6100.


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 



