• EUR/AUD declined on Wednesday as risk sentiment soured as April US ADP and Q1 GDP reports fueled global growth concerns.
• In the first quarter of 2025, the U.S. economy contracted by 0.3%, marking its first decline in three years. This downturn was primarily driven by a surge in imports as companies accelerated purchases ahead of the Trump administration's implementation of new tariffs on most goods.
• U.S. private-sector employment increased by just 62,000 jobs, marking the slowest monthly gain since July 2024 and significantly underperforming economists' expectations of around 115,000 to 130,000 new jobs.
• Following the data, the EUR/AUD dipped to trade 0.02% lower at 1.7695, lowest since 25th April.
• Immediate resistance is located at 1.7883(Daily high), any close above will push the pair towards 1.8000(Psychological level).
• Immediate support is seen at 1.7642(50%fib) and break below could take the pair towards 1.7554(Lower BB).
Recommendation: Good to buy around 1.7670, with stop loss of 1.7600, and target price of 1.7800


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro- Major Pair levels and bias summary 



