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• 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
