• EUR/AUD declined on Tuesday as Australian dollar rose across the board after RBA decided not to delay tapering bond purchases.
• The Reserve Bank of Australia (RBA) surprised the markets by sticking with plans to taper bond buying, arguing that once coronavirus lockdowns are eased, the economy will recover quickly.
• At GMT 17:41, the pair was trading down 0.37 percent at 1.6055.
• Technical signals are bearish as RSI is turning sharply lower , moving averages are mixed.
• Immediate resistance is located at 1.6095 ( 38.2%fib), any close above will push the pair towards 1.6181 (23.6%fib)
• Strong support is seen at 1.6020 (50 %fib ) and break below could take the pair towards 1.5960 (61.8%fib).
Recommendation: Good to sell around 1.6060, with stop loss of 1.6130 and target price of 1.5980.


FxWirePro- Major Crypto levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major European Indices
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 



