• EUR/AUD strengthened on Thursday as lower commodity prices and continued lockdowns in major Australian States weighed on Antipodean currency.
• Australian economy has been undermined by the spread of the Delta variant, which triggered a lockdown in the capital of Canberra on Thursday.
• EUR/AUD gains near 38.2%fib,consolidation likely to continue while market seeks fresh factors.
• From a technical viewpoint, RSI is bullish at 52, daily momentum studies, 5, 10 and 11 daily MAs all climb.
• Immediate resistance is located at 1.6011 (21DMA), any close above will push the pair towards 1.6041 (38.2%fib).
• Immediate support is seen at 1.5902 (50% fib)and break below could take the pair towards 1.5870 (Lower BB).
Recommendation: Good to buy on dips around 1.5970, with stop loss of 1.5900 and target price of 1.6050.


FxWirePro- Woodies pivot (Major)
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 



