• EUR/AUD initially gained on Monday but gave up chunk of early gains as worries about China roiled global financial markets.
• Todays rejection at 1.6214 ( 23.6% fib), is a bearish sign, a break and daily close under the 1.6127 (38.2%fib) would weaken outlook further.
• At GMT 21:19, the pair was trading down 0.02 percent at 1.6615
• Technical signals are bearish as RSI is lower at 49, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6214 ( 23.6% fib), any close above will push the pair towards 1.6240 (Higher BB)
• Support is seen at 1.6127(50%fib ) and break below could take the pair towards 1.6090 (61.8%fib).
Recommendation: Good to sell on rally around 1.6170 with stop loss of 1.6210 and target price of 1.5900.


FxWirePro: GBP/USD dips lower on negative UK retail sales data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists 



