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FxWirePro: EUR/AUD under pressure as key support gives way 
- Copper has been rejected at 50-DMA and has edged lower to currently hovers around minor support by 5-DMA at 2.6550.
- We see the pair trading in a downward sloping channel, and break below 5-DMA adds downside.
- We have evidenced a bearish RSI divergence which keeps downside bias intact.
- Momentum studies are neutral, break above major resistance at 2.675 (trendline and 50-DMA) could see test of 2.767 (Mar 1 high).
- On the flipside break below 100-DMA could see scope for test of 2.485 (trendline support).
Support levels - 2.6550 (5-DMA), 2.6358 (cloud base), 2.6232 (100-DMA), 2.485 (trendline)
Resistance levels - 2.6752 (50-DMA), 2.686 (March 29 high), 2.70, 2.7151 (cloud top)
Recommendation: Good to go short on rallies around 2.680, SL: 2.720, TP: 2.635/ 2.620/ 2.590/ 2.560
