• EUR/AUD declined on Wednesday as uptrend in copper prices, small bounce in iron ore prices and upbeat Chinese economic data boosted Australian dollar .
• The Caixin/S&P Global services purchasing managers' index (PMI) rose slightly to 52.7 from 52.5 in February, marking the 15th consecutive month above the 50-mark threshold.
• At GMT 17:42, the pair was trading down 0.15 percent at 1.6492 after reaching daily high at 1.6565.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is bearish at 43.
• Immediate resistance is located at 1.6540( 9EMA), any close above will push the pair towards 1.6572 ( 23.6%fib).
• Strong support is seen at 1.6493 (38.2%fib) and break below could take the pair towards 1.6428 (50%fib).
Recommendation: Good to sell around 1.6500, with stop loss of 1.6650 and target price of 1.6410


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



