• EUR/AUD declined on Tuesday as the pair attracted seller after softer US CPI data.
• EUR/AUD drops below the 5-DMA , slide halts at the 1.5459 (50 % fib),break below will accelerate further dowside towards 1.5400 level.
• Technical are bearish, daily RSI is turning lower, daily momentum studies 5,9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5547 (5 DMA), any close above will push the pair towards 1.5624 (38.2 % fib).
• Immediate support is seen at 1.5459 (50 % fib) and break below could take the pair towards 1.5371 (29th Nov low).
Recommendation: Good to sell around 1.5530 with stop loss of 1.5640 and target price of 1.5430.
