• EUR/AUD dipped on Monday as Australian dollar firmed ahead of RBA meeting minutes on Tuesday.
• The RBA’s December monetary policy meeting minutes are due at 00:30 GMT on Tuesday and may provide clearer insight into the central bank’s inflation outlook and rate bias.
• The minutes are expected to signal the end of the easing cycle, pointing to a prolonged policy pause instead of imminent rate reductions.
• The Board may underscore discomfort with inflation, pointing to broader momentum and upside risks even as it remains cautious on interpreting the monthly CPI.
• Immediate resistance is located at 1.7810(38.2%fib), any close above will push the pair towards 1.7873(Higher BB).
• Support is seen at 1.7526(50%fib) and break below could take the pair towards 1.7463(Lower BB).
Recommendation: Good to buy around 1.7600 with stop loss of 1.7530 and target price of 1.7780
