• EUR/AUD strengthened on Monday as retreat metals prices weighed commodity linked Australian dollar .
• Precious metals retreated sharply on Monday, with silver and platinum falling from record highs hit earlier in the session, as investors booked profits after recent rallies.
• Spot gold fell 4.5% to $4,330.79 an ounce after hitting a record $4,549.71 on Friday.
• Platinum dropped 14.5% to $2,096.53/oz after touching a record peak of $2,478.50 earlier in the session.
• Silver shed 9.5% to $71.66 an ounce, also retreating from a record high of $83.62 hit earlier in the session.
• Immediate resistance is located at 1.7616 ( SMA 20), any close above will push the pair towards 1.7757(38.2% fib)
• Support is seen at 1.7424 (50% fib) and break below could take the pair towards 1.7392 (Lower BB).
Recommendation: Good to buy on rally around 1.7550, with stop loss of 1.7450 and target price of 1.7650
