• EUR/AUD declined on Thursday as easing fears of fallout from the Omicron coronavirus variant supported higher risk currencies such as the Australian dollar .
• The pair is currently approaching support at 1.5617,break below is likely to push the pair further downside towards 1.5500.
• Technical signals are bearish as RSI is at 43, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5713( 50%fib), any close above will push the pair towards 1.5750(9DMA)
• Immediate support is seen at 1.5617 (38.2%fib ) and break below could take the pair towards 1.5504 (23.6%fib).
Recommendation: Good to sell around 1.5660, with stop loss of 1.5720 and target price of 1.5500.


JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro- Woodies pivot (Major)
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 



