• EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes yesterday which saw markets push out rate cut bets.
   
• The pair has recovered the steep slump post RBA minutes, up from hit session lows at 1.5366 to currently trade at 1.5519.
   
• Downside finds strong support by daily cloud top at 1.5359, break below needed for further downside.
   
• Stochs are at overbought levels so some caution advised, while RSI strength seen at 64 levels.
   
• Break below daily cloud finds next strong support at 1.5292 (200-DMA) and further below at 1.5220 (May 5th lows).
   
• On the upside breaks above 1.56 will take the pair to next major hurdle at 1.57.