• EUR/AUD rebounded strongly on Tuesday as Australian dollar slipped lower after weak Australian economic data.
• Australia recorded a current account deficit of AUD 4.9 billion in Q1, missing the market estimate of a AUD 5.9 billion surplus and following a revised surplus of AUD 2.7 billion in Q4 2023.
• Corporate profits fell by 2.5% quarter-on-quarter in the first quarter, following a revised growth of 7.1% in the fourth quarter. This decline was significantly below the market estimate of -0.9%.
• Technical signals show the pair could gain more ground in the short-term as RSI is pointing up at 52, daily momentum studies 5, and 9 DMAs are trending north.
• Immediate resistance is located at 1.6390(38.2%fib), any close above will push the pair towards 1.6404(Higher BB).
• Immediate support is seen at 1.6339 (50% fib) and break below could take the pair towards 1.6292(61.8%fib).
Recommendation: Good to buy on dips around 1.6350, with stop loss of 1.6200, and target price of 1.6410


FxWirePro: GBP/NZD gains some ground but outlook is bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



