• EUR/AUD rose higher on Wednesday as markets raised their bets on a 75 basis-point rate hike from the ECB when it meets on Thursday.
• The ECB on Thursday is expected to deliver a second big rate hike to tame record-high inflation.
• EUR/AUD bulls confidence is running high, a rise towards 1.4900level is likely.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.4795 (38.2%fib), any close above will push the pair towards 1.4829 (23.6% fib).
• Immediate support is seen at 1.4712 (50% fib) and break below could take the pair towards 1.4692 (5DMA).
Recommendation: Good to buy on dips around 1.4780, with stop loss of 1.4680 and target price of 1.4900.


FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Major Crypto levels and bias summary
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 



