• EUR/AUD rebounded on Wednesday as soured risk, geopolitics give longs some traction .
• EUR/AUD is likely to maintain its upwards move,a daily close and break above 38.2%fib will accelerate gains towards 1.6700 level.
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is bullish at 52.
• Immediate resistance is located at 1.6628 (38.2%fib), any close above will push the pair towards 1.6705(Higher BB).
• Strong support is seen at 1.6547 (50%fib) and break below could take the pair towards 1.6450(61.8%fib wer BB)."
Recommendation: Good to buy around 1.6620, with stop loss of 1.6500 and target price of 1.6700
