• EUR/AUD declined on Monday as heavily lagging COVID-19 vaccinations efforts in the EU weighed on Euro.
• Recent rejection at 1.5571 (38.2%fib), is a bearish sign, a break and daily close under the 1.5343 (23.6%fib would weaken outlook further.
• At GMT 14:03, the pair was trading down 0.27 percent at 1.5456.
• Technical signals are bearish as RSI is heading down at 43, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5571 ( 38.2% fib), any close above will push the pair towards 1.5671 (50DMA)
• Support is seen at 1.5419 (March 4th low ) and break below could take the pair towards 1.5343 (23.6%fib).
Recommendation: Good to sell on rally around 1.5450 with stop loss of 1.5650 and target price of 1.5350.


FxWirePro- Major Pair levels and bias summary
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 



