• EUR/AUD rose past 1.8100 as declines in iron ore, copper, and equities weighed on the Australian dollar.
• Copper prices fell on Wednesday to a nearly two-week low as funds sold, with buyers and producers staying cautious ahead of Fed Chair Jerome Powell’s upcoming speech.
• Iron ore futures fell on Wednesday, weighed down by China’s mandated production cuts ahead of a military parade and U.S. steel import restrictions.
• A daily close above 38.2%fib will further improve the technical outlook, and open the possibility of a rally towards 1.8200 level.
• Technical signals are bullish as RSI is at 68, daily momentum studies 5,9,21 DMA are trending north.
• Immediate resistance is located at 1.8131(38.2%fib), any close above will push the pair towards 1.8305 (April 4th high).
• Strong support is seen at 1.8000 (Psychological level) and break below could take the pair towards 1.7906 (Lower BB).
Recommendation: Good to buy around 1.8100 with stop loss of 1.8000 and target price of 1.8200


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major European Indices
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD edges lower but bullish outlook persists
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 



