• EUR/AUD declined on Monday as COVID concerns in Eurozone weighed on the pair.
• Weekend reports indicated growing alarm in Euro Zone over spread of COVID-19, EUR/AUD likely to be more vulnerable if Germany and France are increasing lockdowns
• In coming sessions the pair is set to drop towards 1.5324.A break and daily close below 23.6%fib would weaken the outlook further.
• Upside risks is limited as barrier at 1.5448 (Higher BB)is set to restricting higher move.
• Immediate resistance is located at 1.5433( 21 DMA), any close above will push the pair towards 1.5481(38.2% fib).
• Support is seen at 1.5324 ( 23.6%fib) and break below could take the pair towards 1.5200 (Psychological level).
Recommendation: Recommendation: Good to sell around 1.5430, with stop loss of 1.5500 and target price of 1.5360.


FxWirePro: USD/CAD dips below lower range, bearish bias increases
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary 



