• EUR/AUD held steady around 1.6250 on Wednesday as investors assessed the latest economic data and the potential impact of policies from the incoming U.S. administration.
• U.S. consumer spending grew solidly in October, indicating the economy maintained strong growth, but progress in reducing inflation has stalled in recent months.
• Hotter-than-expected inflation data could lead the market to reassess the likelihood of another large interest rate cut next month.
• Immediate resistance is located at 1.6276 (38.2%fib), any close above will push the pair towards 1.6344 (23.6%fib).
• Immediate support is seen at 1.6220 (50% fib) and break below could take the pair towards 1.6169 (61.8% fib).
Recommendation: Good to buy on dips around 1.6240, with stop loss of 1.6160 and target price of 1.6300


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: GBP/NZD gains some ground but outlook is bearish
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 



