• EUR/AUD declined on Tuesday as potential for escalation of Russia-Ukraine crisis weighed on euro.
• EUR/AUD slide also intensified on Fed's Brainard comments .EUR/AUD dropped swiftly from Monday's 1.4680 high to a 1.4481 low .
• Technical signals are bearish as RSI is heading down at 37, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.4571 ( 5 DMA), any close above will push the pair towards 1.4723(38.2%fib)
• Support is seen at 1.4475 (23.6%fib ) and break below could take the pair towards 1.4276(Lower BB).
Recommendation: Good to sell on rally around 1.4570 with stop loss of 1.4730 and target price of 1.4700.
