FxWirePro: US Oil extends gains for the 3rd straight session, refreshes 13-month highs at $65.02 as OPEC extends production cuts
FxWirePro: EUR/AUD rises to highest level since January 12th,good to buy on dips
• EUR/AUD gained on Friday as euro was supported by hawkish European central bank meeting.
•The ECB maintained its highly accommodative monetary policy on Thursday.
• The pair traded as high as 1.5806 before easing to trade around 1.5780 in late US session.
• Technical favours bullish sentiment, RSI is rising & pair trades above 5 and 9-DMAs.
• Immediate resistance is located at 1.5775 ( 50%fib), any close above will push the pair towards 1.5861 (61.8% fib)
• Immediate support is seen at 1.5689 (38.2%fib ) and break below could take the pair towards 1.5580 (23.6%fib).
Recommendation: Good to buy around 1.5700, with stop loss of 1.5600 and target price of 1.5800.