• EUR/AUD declined on Friday as investors turned to riskier assets amid renewed optimism over U.S.-China trade resolution.
• China's Commerce Ministry announced that it is evaluating Washington's proposal for talks regarding U.S. President Donald Trump's hefty tariffs.
• This development signalled a potential easing of the trade tensions that have been causing significant volatility in global markets, raising hopes for a de-escalation of the trade war.
• With the prospect of de-escalating trade tensions between the two largest economies, investors grew more confident, moving away from currency like the euro and toward risk sensitive Australian dollar.
• Bearish signals are increasing today after todays drop.Pair falls sharply below the 9-SMA & 38.2%fib retracement level
• Immediate resistance is located at 1.7658 (38.2%fib), any close above will push the pair towards 1.7790 (SMA 14)
• Support is seen at 1.7524(Daily low ) and break below could take the pair towards 1.7334 (50%fib).
Recommendation: Good to sell on rally around 1.7550, with stop loss of 1.7650 and target price of 1.7400


FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 



