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FxWirePro- Major European Indices 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
- EUR/AUD has broken minor trendline support at 1.4325.
- The pair is currently struggling to break above 50-DMA at 1.4407.
- Technical studies are bullish, we see scope for test of 1.4575 on breakout above 50-DMA.
- We see weakness only on close below 20-DMA at 1.4308. Test of channel base at 1.40 then likely.
- Support levels - 1.44, 1.4367 (5-DMA), 1.4308 (20-DMA), 1.4271 (Dec 2 low)
- Resistance levels - 1.4445 (23.6% Fib), 1.4489 (Nov 21 high), 1.45, 1.4575 (weekly 20-MA)
Recommendation: Go long on breakout above 50-DMA at 1.4407, SL: 1.43, TP: 1.4490, 1.4575
FxWirePro's Hourly EUR Spot Index was at 113.185 (Highly bullish), while Hourly AUD Spot Index was at -20.8913 (Neutral) at 0550 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
