• The EUR/AUD dipped on Monday as markets adopted a wait-and-see approach as the Group of Seven (G7) leaders convene to address a growing list of global challenges.
• Investors are closely monitoring the G7 for signals on geopolitical coordination, trade, and policy alignment amid Middle East tensions and inflation concerns.
• The Federal Reserve’s policy decision later this week is keeping markets on edge, as investors await new signals on interest rates and inflation amid rising global uncertainty.
• Immediate resistance is located at 1.7780(Higher BB ), any close above will push the pair towards 1.7883(50% fib).
• Strong support is seen at 1.7647(61.8% fib) and break below could take the pair towards 1.7460(Lower BB).
Recommendation: Be on sidelines
