• EUR/AUD steadied around 1.5500 on Thursday as the pair is supported by hawkish commentary from Federal Reserve Chair Jerome Powell.
• The pair is currently approaching resistance at 38.2 % fib. Break above will push the pair towards further towards 1.5600 level.
• Technical signals are bullish as RSI is at 55, daily momentum studies 5, 9 and 10 DMAs are trending up.
• On the upside, Immediate resistance is located at 1.5534 (38.2 % fib), any close above will push the pair towards 1.5609 (27th Oct high)
• Strong support is seen at 1.5466 (5 DMA ) and break below could take the pair towards 1.5385 (50% fib).
Recommendation: Recommendation: Good to buy on rally around 1.5490 with stop loss of 1.5380 and target price of 1.5600.


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



