• EUR/AUD declined on Monday as Australian dollar strengthened ahead of RBA policy meeting.
• Reserve Bank of Australia is widely expected to backtrack on a previous decision to taper stimulus, with protracted COVID-19 lockdowns dragging on growth.
• At GMT 19:54, the pair was trading down 0.21 percent at 1.6120.
• Technical signals are bullish as RSI is at 65, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6176 ( 23.6%fib), any close above will push the pair towards 1.6236 (Higher BB)
• Strong support is seen at 1.6094 (38.2 %fib ) and break below could take the pair towards 1.6042 (11DMA).
Recommendation: Good to buy around 1.6110, with stop loss of 1.6050 and target price of 1.6200.


Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



