• EUR/AUD strengthened on Wednesday as softer than expected Australian inflation data weighed on Australian dollar.
• Below-forecast CPI is blow for hawks advocating RBA rate rise next week.
• EUR/AUD bulls are likely to mount a credible run towards 1.6850 level.
• From a technical viewpoint, RSI is strongly bullish at 71, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.6793(23.6%fib), any close above will push the pair towards 1.6820 (19th Oct 2020 High).
• Immediate support is seen at 1.6560 (38.2%fib) and break below could take the pair towards 1.6500 (5DMA).
Recommendation: Good to buy on dips around 1.6680, with stop loss of 1.6580 and target price of 1.6830


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



