• EUR/AUD strengthened on Wednesday as Australian dollar weakened as investor risk appetite grew increasingly cautious.
• Australian dollar has been surprisingly resilient in the face of collapsing iron ore prices , rising China growth and systemic concerns and a relatively dovish Reserve Bank of Australia .
• EUR/AUD bulls confidence is running high, a test of the 1.6207 (38.2%fib) cannot be ruled out in the near term.
• From a technical viewpoint, RSI is bullish at 55, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6207 (38.2%fib), any close above will push the pair towards 1.6260 (Higher BB).
• Immediate support is seen at 1.6134 (5DMA) and break below could take the pair towards 1.6107 (50%fib).
Recommendation: Good to buy on dips around 1.6150, with stop loss of 1.6060 and target price of 1.6200.


FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 



