• EUR/AUD initially gained but gave up most of the ground as markets kept a close watch on Middle East developments and the inflationary impact of surging oil prices.
• Markets also weighed a report saying the U.S. had accepted a temporary waiving of sanctions on Iranian crude.
• Tehran sent a new peace proposal with terms that appeared similar to offers previously rejected by Washington, although an Iranian official said the United States had softened its stance on some issues.
• Hopes of progress in negotiations lifted risk appetite, limiting crude oil upside and reducing demand for the safe-haven dollar.
• Immediate resistance is located at 1.6290(SMA 20), any close above will push the pair towards 1.6383(38.2%fib)
• Support is seen at 1.6113( 23.6%fib) and break below could take the pair towards 1.6071(Lower BB).
Recommendation: Good to sell around 1.6260, with stop loss of 1.6360 and target price of 1.6150


FxWirePro- Woodies pivot (Major)
NZDJPY: Bearish Outlook Persists as 92 Resistance Holds Firm
FxWirePro: GBP/USD recovers some ground but bearish outlook persist
FxWirePro: NZD/USD holds narrow range, scope for downward resumption
FxWirePro: AUD/USD holds narrow range, focus on near-term support
EURJPY Consolidates Above Key EMAs: Mixed Indicators Suggest Cautious Optimism for Traders
FxWirePro: USD/JPY advances as intervention fears fail to lift Yen
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6700
AUDJPY Trapped in Narrow Range: Bearish Technicals Suggest Downside Risk
FxWirePro: USD/ZAR retreats slightly but trend is still bullish
FxWirePro: USD/JPY steadies below 162.00 as Geopolitical risks keep dollar supported
FxWirePro: EUR/ NZD gaining momentum for a move towards 2.0350 level
GBPJPY Surges Past Trendline Resistance, Signaling Bullish Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major) 



