• EUR/ AUD strengthened on Monday as month-end flows and narrowing of eurozone and U.S. interest rate differentials supported the pair .
• EUR/ AUD is now on course to register a close above the 23.6%fib resistance, if broken pair will rise towards 1.5850 Level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 63,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.5761(23.6%fib), any close above will push the pair towards 1.5783 (Higher BB).
• Immediate support is seen at 1.5728 (Dec 22nd low) and break below could take the pair towards 15662(38.2%fib).
Recommendation: Good to buy around 1.5730, with stop loss of 1.5650 and target price of 1.5810
