• EUR/AUD declined on Friday as EU's slower rollout of COVID vaccines and lockdown fears in Eurozone weighed on euro.
• Various EU nations including its largest members Germany, France and Italy this week halted AstraZeneca shots pending safety checks.
• Today's 1.5328-1.5411 range holds below 38.2% fib .Scope grows for a deeper drop towards 23.6% fib at 1.5227
• Technical signals show the pair could lose more ground in the short-term as RSI is at 38 bearish, daily momentum studies 9, 10 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5376 ( 9 DMA), any close above will push the pair towards 1.5429 (38.2%fib)
• Immediate support is seen at 1.5257 (Lower BB ) and break below could take the pair towards 1.5227 (23.6% fib).
Recommendation: Good to sell on rally around 1.5380, with stop loss of 1.5480and target price of 1.5250.
