• EUR/AUD rose on Thursday as Australian dollar weakened on worries over surging COVID-19 outbreaks involving the Delta variant.
• Mood across financial markets has been dour as virus infections are surging globally.
• The pair hit daily high at 1.5948 and was last trading at 1.5940 at (GMT 15:42).
• From a technical viewpoint, RSI is strongly bullish at 62, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.5948 (Daily high), any close above will push the pair towards 1.5989 (23.6%fib).
• Immediate support is seen at 1.5896(38.2%fib) and break below could take the pair towards 1.5863 (5DMA).
Recommendation: Good to buy on dips around 1.5920, with stop loss of 1.5860 and target price of 1.6000.


FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR retreats but trend is still bullish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: NZD/USD edges lower, remains on back foot
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD gains some ground but bias is still bearish 



