• EUR/AUD rally extended towards 1.8000 on Monday as spreading coronavirus and oil plunge forced investors to dump commodity related currencies.
• However, pair eroded some of day's gains in volatile trading .
• Any downside correction is likely to be temporary as barrier at 1.7086 (61.8% fib) is set to restricting lower move.
• Technical signals show RSI is at 78.05 oversold , daily momentum studies 9, 10 and 11 DMAs are trending upwards.
• On the upside, Immediate resistance is located at 1.7486 (38.2% fib), any close above will push the pair towards 1.7731 (23.6 % fib).
• Immediate support is seen at 1.7086 (61.8% fib) and break below could take the pair towards 1.6933 (9 DMA).
Recommendation: Good to buy on dips around 1.7200, with stop loss of 1.6900 and target price of 1.7950.


FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



