• EUR/AUD rose on Tuesday as Australian dollar weakened after RBA held its cash rate on hold.
• In a statement, the bank signalled the cash rate would stay ultra low until least 2024 and upgraded its growth forecast for the Australian economy from 3.5% to 4.75% over 2021.
• EUR/AUD bulls confidence is running high, a test of the 1.5691 (38.2%fib) highly seem s likely.
• From a technical viewpoint, RSI is strongly bullish at 56, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5660 (Higher BB), any close above will push the pair towards 1.5691 (38.2%fib).
• Immediate support is seen at 1.5564 (9DMA) and break below could take the pair towards 1.5531 (23.6%fib).
Recommendation: Good to buy on dips around 1.5610, with stop loss of 1.5530 and target price of 1.5690.


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 



