• EUR/AUD steadied around 1.6360 on Thursdays as euro continued to maintained positive momentum against Australian dollar after Eurozone PMI data.
• The preliminary composite Purchasing Managers' Index for the currency bloc came in above the 50 level separating growth from contraction for the third month in a row.
• HCOB's preliminary composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 52.3 this month from April's 51.7.
• From a technical viewpoint, RSI is strongly bullish at 51, daily momentum studies, 5, 9 and 11 are trending up.
• Immediate resistance is located at 1.6374(38.2%fib), any close above will push the pair towards 1.6426(23.6%fib).
• Immediate support is seen at 1.6334 (50%fib) and break below could take the pair towards 1.6290 (61.8%fib).
Recommendation: Good to buy around 1.6340, with stop loss of 1.6250 and target price of 1.6430


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 



