• EUR/AUD declined on Wednesday as Iron-ore , copper gains contributed to AUD 's buoyancy.
• Copper prices rallied on Wednesday to a seven-week peak, underpinned by a brighter demand outlook and supply tightness in top consumer China
• At GMT 16:48, the pair was trading down 0.23 percent at $1.5903.
• Technical signals are bearish as RSI is heading down at 40, daily momentum studies 5, 9 and 11 DMAs are trending down, bolster bearish momentum.
• Strong resistance is located at 1.5949( 5DMA), any close above will push the pair towards 1.6027(38.2%fib)
• Immediate support is seen at 1.5876 (23.6 %fib ) and break below could take the pair towards 1.5841 (Lower BB).
Recommendation: Good to sell around 1.5910, with stop loss of 1.5980 and target price of 1.5820


FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major European Indices
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 



