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• EUR/AUD remained firm on Tuesday but gains were limited as investors braced for another aggressive rate hike by the Federal Reserve.
• EUR/AUD approached to test resistance 23.6% fib, but retreated as bulls lost strength.
• Technical signals are bullish as RSI is at 62, daily momentum studies 5, 10 & 21 DMAs track north.
• Immediate resistance is located at 1.4955 (23.6% fib), any close above will push the pair towards 1.5026 (Higher BB).
• Strong support is seen at 1.4850 (38.2% fib) and break below could take the pair towards 1.4822 (11DMA ).
Recommendation: Good to buy around 1.4900, with stop loss of 1.4810 and target price of 1.4970
