• EUR/AUD steadied on Thursday as news that Washington aims to begin talks with Russia to end the war in Ukraine overshadowed a hotter-than-expected U.S. consumer prices reading overnight.
• Trump said on Wednesday that both Putin and Zelenskiy expressed a desire for peace in separate phone calls.
• The possibility of ending the Ukraine war helped offset the impact of January's higher-than-expected U.S. consumer prices.
• Immediate resistance is located at 1.6611(38.2%fib), any close above will push the pair towards 1.6673(Feb 4th high)
• Support is seen at 1.6495(50%fib) and break below could take the pair towards 1.6375(61.8%fib)
Recommendation: Good to buy around 1.6550, with stop loss of 1.6570 and target price of 1.6680
