• EUR/AUD rebounded after initially falling on Monday as lower commodities and soured risk sentiment weighed on Australian dollar .
• Risk-sensitive currencies like Aussie dollar weakened against euro as fall in equities , commodities fell on prospect of slower growth worries.
• EUR/AUD bulls confidence is running high, a test of the 1.5000 highly seems likely.
• From a technical viewpoint, RSI is strongly bullish at 61, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.4925(23.6%fib), any close above will push the pair towards 1.5089(Higher BB).
• Immediate support is seen at 1.4868 (9DMA) and break below could take the pair towards 1.4833 (38.2%fib).
Recommendation: Good to buy on dips around 1.4900, with stop loss of 1.4810 and target price of 1.4980.


FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major European Indices
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro- Major Crypto levels and bias summary
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: AUD/USD dips on soft China data 



