• EUR/AUD strengthened on Friday as lower commodity prices and soured risk sentiment weighed on Australian dollar.
• Oil prices fell more than 3% on Friday as fears of a global recession and weak oil demand, particularly in China, outweighed support for a big cut to OPEC+'s supply target.
• The pair is approaching 23.6%fib,a daily close below will accelerate towards 1.5700 in the short term.
• From a technical viewpoint, RSI is strongly bullish at 74, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5677(Higher BB), any close above will push the pair towards 1.5812(23.6%fib).
• Immediate support is seen at 1.5566(38.2%fib) and break below could take the pair towards 1.5406(50%fib).
Recommendation: Good to buy on dips around 1.5650, with stop loss of 1.5480 and target price of 1.5800.


BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Pair levels and bias summary
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



