• EUR/AUD initially gained but gave up ground as investors await further details on U.S. trade talks with China..
• Investors were optimistic ahead of planned talks between U.S. and Chinese officials in Switzerland over the weekend.
• Investors were optimistic ahead of planned talks between U.S. and Chinese officials in Switzerland over the weekend.
•Technical highlight downside for EUR/AUD with momentum studies, 11,14 and 21 SMAs tracking south.
• Immediate resistance is located at 1.7688(38.2% fib), any close above will push the pair towards 1.7975(23.6% fib).
• Support is seen at 1.7432(50% fib) and break below could take the pair towards 1.7361 (Lower BB )
Recommendation: Good to sell around 1.7570, with stop loss of 1.7650 and target price of 1.7480
