• EUR/AUD declined on Friday as Aussie outperformed euro as risk sentiment improved after US jobs report.
• Investors sought riskier assets after U.S. economic data cemented expectations of a less-hawkish Fed.
• Technical signals are bearish as RSI is heading down at 40, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5576 ( 5DMA), any close above will push the pair towards 1.5603(50%fib)
• Support is seen at 1.5468(38.2%fib ) and break below could take the pair towards 1.5377(Nov 24th low).
Recommendation: Good to sell around 1.5500, with stop loss of 1.5680 and target price of 1.5400.
