• EUR/AUD declined on Wednesday as gains commodities and European equities lift risk-sensitive Australian dollar.
• European equities surged to their biggest daily gain in two months, buoyed by a batch of strong fourth-quarter trading updates.
• Technical signals are bearish as RSI is heading down at 53, daily momentum studies 9,11 and 14 DMAs are trending down.
• Immediate resistance is located at 1.5916 ( 9 DMA), any close above will push the pair towards 1.5947 (9 DMA)
• Support is seen at 1.5843 (38.2 %fib ) and break below could take the pair towards 1.5752(23.6%fib).
Recommendation: Good to sell on rally around 1.5920, with stop loss of 1.6000 and target price of 1.5840.


FxWirePro- Major Pair levels and bias summary
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 



