• EUR/AUD languished near one month low on Friday as high energy costs, rising inflation and recession kept bearish pressure on the pair.
• EUR/AUD sinks near 1.4815 then sits near 1.1860 late in US trading.
• Pair traded in a quiet 1.4903/1.4813 range. Inability to bounce despite sharp decline this week is a sign of weakness.
• Technical signals are bearish as RSI is at 39, daily momentum studies 10,11 and 14 DMAs are trending down.
• Immediate resistance is located at 1.4925( 50%fib), any close above will push the pair towards 1.4997 (5DMA)
• Support is seen at 1.4185 (23.6% fib ) and break below could take the pair towards 1.4476 (Lower BB).
Recommendation: Good to sell around 1.4850, with stop loss of 1.4930 and target price of 1.4770.


FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major European Indices
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro-Major European Indices 



