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• EUR/AUD rebounded on Thursday as weaker Australia Sept employment data, falling equities and iron-ore prices weighed Australian dollar.
•Australia employment rose less than expected in September,figures from the Australian Bureau of Statistics on Thursday showed net employment rose 6,700 in September from August.
• EUR/AUD is likely to maintain its upwards move,a daily close and break above 23.6 %fib will accelerate gains towards 1.6800 level
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is bullish at 57.
• Immediate resistance is located at 1.6737 (23.6 %fib), any close above will push the pair towards 1.6792 (Sep 13th high).
• Strong support is seen at 1.6627(38.2%fib) and break below could take the pair towards 1.6450(61.8%fib wer BB).
Recommendation: Good to buy around 1.6700, with stop loss of 1.6550 and target price of 1.6800
