• EUR/AUD erased yesterday’s gains on Thursday as Australian dollar gained after labour force data showed a faster-than-expected decline in unemployment in April.
• Official figures showed the jobless rate had slipped to a one-year trough of 5.5% compared to economists’ forecast of 5.6%.
• The pair is expected to resume its uptrend, only a break and daily close below 50% fib at 1.5645 will shift bias to the downside.
• Immediate resistance is located at 1.5798 ( 23.6%fib), any close above will push the pair towards 1.5835( 3rd Feb high)
• Strong support is seen at 1.5712(38.2% fib) and break below could take the pair towards 1.5681 (5DMA).
Recommendation: Good to buy around 1.5680 with stop loss of 1.5600 and target price of 1.5800


FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/CAD slips as oil rally boosts loonie
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major Crypto levels and bias summary 



