• EUR/AUD initially dipped d on Friday but gained some ground as investors took comfort from signs that the European Central Bank (ECB) is nearly done raising interest rates.
• The ECB on Thursday raised its key interest rate to a record high of 4%, but with the euro zone economy in the doldrums, signalled that the hike was likely to be its last..
• A close below 50% fib support puts 1.6350 level in focus.
• Technicals highlight dowsiderisks. The 5, 9 and 11 day moving averages are trending south, daily RSI is pointing downwards at 40.
• Immediate resistance is located at 1.6580(38.2%fib), any close above will push the pair towards 1.6650(5DMA).
• Strong support is seen at 1.6440(50% fib) and break below could take the pair towards 1.6305(61.8% fib)
Recommendation: Good to sell around 1.6580, with stop loss of 1.6700 and target price of 1.6500


FxWirePro:EUR/AUD eases but bullish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



