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FxWirePro: EUR/AUD attracts buying interest after hawkish ECB comments, 23.6% fibonacci eyed

• EUR/AUD rose higher on Tuesday as   euro was boosted by   hawkish comments from European Central Bank   President Christine Lagarde.  

• At GMT 16:02, the pair was trading up 0.41 percent  at 1.6400, its highest  level since June 1st   

• Technical signals are turning bullish as RSI is turning higher at 35, daily momentum studies  5, 9 and 10 DMAs are trending up.

•   Immediate resistance is located at 1.6416( 23.6%fib), any close above will push the pair towards 1.6460 ( Higher BB)

•  Strong support is seen at 1.6282 (5 DMA ) and break below could take the pair towards 1.6196 (38.2%  fib).

  Recommendation: Good to buy around 1.6380, with stop loss of 1.6290 and target price of 1.6460

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