• EUR/AUD rally extended above 1.6500 on Thursday as profit taking on shorts and signs of a global economic recovery from the coronavirus pandemic supported euro.
• Oversold conditions have eased after recent consolidation. Barrier at 1.6278 (5 DMA) is likely to restrict lower move.
• Technical signals highlight upside bullish trend as daily RSI is rising, a monthly bull hammer is forming for June and EUR/AUD is trading above the 5-DMA.
• Immediate resistance is located at 1.6625 (23.6% fib), any close above will push the pair towards 1.6700 (Psychological level).
• Immediate support is seen at 1.6427 (300 DMA) and break below could take the pair towards 1.6278 (5 DMA).
Recommendation: Good to buy on dips around 1.6500, with stop loss of 1.6270 and target price of 1.6600.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro:EUR/NZD gains some upside momentum but still bearish
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/CAD slips after Fed holds rates steady
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Major Pair levels and bias summary 



