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FxWirePro:EUR/AUD attracts buying interest, 38.2% Fibonacci eyed

• EUR/AUD Initially dipped  on Friday but recovered most of the ground after a downside surprise in September US non-farm payrolls data.

• The U.S. economy created the fewest jobs in nine months in September amid a drop in hiring at schools and worker shortages.

• At GMT 21:38, the pair was trading 0.17% higher  at 1.6698 after hitting daily high at 1.6698.  

• Technical are bullish, daily RSI is negative at 49, daily momentum studies  9 and 10 DMAs are trending up. 

• Immediate resistance is located at 1.6726 (38.2%fib ), any close above will push the pair towards 1.6809 (50% fib).

• Immediate support is seen at 1.6676 (21DMA) and break below could take the pair towards 1.6621 (23.6%fib).

Recommendation: Good to buy   around 1.6680, with stop loss of 1.6600 and target price of 1.6740
 

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