• EUR/AUD declined on Wednesday as higher commodity prices boosted demand for commodity linked Australian dollar.
• Oil prices jumped to their highest in more than two years after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America.
• At GMT 16:14, the pair was trading down 0.32 percent at $1.5746
• Technical signals are bearish as RSI is heading down at 49, daily momentum studies 5 and 9 DMAs are trending down.
• Immediate resistance is located at 1.5788 ( 38.2%fib), any close above will push the pair towards 1.5839(Higher BB)
• Strong support is seen at 1.5722 (50 %fib ) and break below could take the pair towards 1.5669(Lower BB).
Recommendation: Good to sell on rally around 1.5750, with stop loss of 1.5840 and target price of 1.5680.


AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro-Major European Indices
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
ETHUSD Dip: Prime Buy Zone to $3600 Targets
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish 



