• EUR/AUD gained on Thursday as euro was supported on the back recovering German retail sales and upbeat euro zone manufacturing data.
• Euro zone manufacturing activity expanded at its fastest pace in June, while German retail sales rebounded in May as a gradual easing of COVID-19 restrictions supported consumer spending in Europe's largest economy
• Any downside correction is likely to be temporary as barrier at 1.5809 (38.2% fib)is likely to restrict lower move.
• From a technical viewpoint, RSI is strongly bullish at 61, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5879 (Higher BB), any close above will push the pair towards 1.5903 (23.6%fib).
• Immediate support is seen at 1.5809 (38.2% fib) and break below could take the pair towards 1.5765 (21DMA).
Recommendation: Good to buy on dips around 1.5860, with stop loss of 1.5800 and target price of 1.5950.


FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ CNY remains soft ahead of Fed decision
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 



