• EUR/AUD dipped on Friday as drop was influenced mixed economic data from the Eurozone, which exerted bearish pressure on the euro.
• According to Destatis, data indicated that the German economy contracted by -0.3% in line with expectations on a quarterly basis in Q4 2023.
• In February, the headline German IFO business climate index increased to 85.5 from January's figure of 85.2.
• From a technical viewpoint, the moving averages are pointing downwards , while the RSI trending down at 49 .
• Immediate resistance is located at 1.6544(38.2%fib), any close above will push the pair towards 1.6602(Higher BB)
• Strong support is seen at 1.6469(38.2 %fib ) and break below could take the pair towards 1.6405(Lower BB).
Recommendation: Good to sell around 1.6490, with stop loss of 1.6570 and target price of 1.6400


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Crypto levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



