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• EUR/AUD after initially gaining on Thursday the pair gave most of th ground after ECB left rates unchanged.
•The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented streak of 10 consecutive rate hikes, and maintained its guidance.
• In an up-and-down session, the pair hit high at 1.6826 in early trading then fell towards 1.6692 level.
• Technicals signals are a bit mixed as RSI is flat, daily momentum studies 5, and 9 DMAs are trending up.
• Immediate resistance is located at 1.6729 (38.2%fib), any close above will push the pair towards 1.6837 (23.6%fib).
• Strong support is seen at 1.6678(14DMA) and break below could take the pair towards 1.6642 (50%fib)
Recommendation: Good to sell around 1.6690 with stop loss of 1.6800 and target price of 1.6600
