• EUR/AUD initially dipped on Monday but recovered some ground as investors were cautious ahead of a Reserve Bank of Australia speech and NAB business conditions on Tuesday.
• EUR/AUD fails to break support at 1.5989 (38.2%fib) and recovers towards 1.6044 .
• The current mild downward pressure is deemed intact as long as the pair does not move above 50% fib resistence.
• Technical signals are bearish as RSI is at 47, momentum studies, 5, 10 & 21 DMAs in bearish alignment.
• Immediate resistance is located at 1.6038 ( 11 DMA), any close above will push the pair towards 1.6089 (50% fib)
• Strong support is seen at 1.5989 (38.2%fib)and break below could take the pair towards 1.5911 (Sep 11th low).
Recommendation: Good to sell around 1.6040, with stop loss of 1.6120 and target price of 1.5960.


FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro- Major Pair levels and bias summary
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe 



