• EUR/AUD declined on Friday as higher commodity prices and increased risk appetite supported commodity linked Australian dollar.
• Selling pressure will remain in the short-term, only a move above 2.0140 ( 61.8 % fib) strong resistance will shift the bias higher.
•Today’s drop has put EUR/AUD back below 50%fib and has put the 1.5652 (61.8%fib)back in play.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 49.
• Immediate resistance is located at 1.5761 (11DMA), any close above will push the pair towards 1.5792(38.2%fib).
• Immediate support is seen at 1.5708(Daily low) and break below could take the pair towards 1.5652 (61.8%fib).
Recommendation: Good to sell round 1.5720 with stop loss of 1.5790 and target price of 1.5650


FxWirePro- Major US Indices
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro-Major European Indices 



