• EUR/AUD declined on Wednesday as investor appetite to look for returns outside the European currency helped the risk-sensitive aussie burst higher.
• The pair, already trading lower on the day, extended its drop to hit 1.5775, it was last down 0.41% on the day.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 32 bearish, daily momentum studies 9, 10 and 11 DMAs are trending down.
• On the upside, Immediate resistance is located at 1.5818 ( 38.2%fib), any close above will push the pair towards 1.5886 (50%fib).
• On the downside, support is seen at 1.5765 (Lower BB) and break below could take the pair towards 1.5737 (23.6%fib).
Recommendation: Good to sell on rallies around 1.5800, with stop loss of 1.5890 and target price of 1.5700.


FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 



