• EUR /AUD strengthened on Tuesday as Euro benefited from weaker Australian dollar, shrugging off lower than expected Eurozone inflation and growth data.
• Euro zone inflation dropped to its lowest level in over two years in October, prices grew by 2.9% year on year in October, the slowest pace since July 2021.
• The pair hit daily high at 1.6757 and was last trading at 1.6685 .
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6742(23.6% fib), any close above will push the pair towards 1.6820( Oct 26th high).
• Immediate support is seen at 1.6675 (5DMA) and break below could take the pair towards 1.6628(38.2% fib).
Recommendation: Good to buy on dips around 1.6680 , with stop loss of 1.6600 and target price of 1.6760.


AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 



