• EUR/AUD was little changed on Wednesday as investors awaited fresh catalyst for further movement.
• On the data front, higher cost of borrowing dented the euro zone economy, with industrial production decreasing by 3.2% in January from the previous month.
• Investors are now looking to Thursday's U.S. retail sales data, the producer prices index (PPI) report, and jobless claims for more evidence on US interest rates this year.
• From a technical viewpoint, RSI is strongly bullish at 51, daily momentum studies, 5, 10 and 11 DMA’s are trending up.
• Immediate resistance is located at 1.6562(23.6%fib), any close above will push the pair towards 1.6603(March 7th high).
• Strong support is seen at 1.6454(38.2% fib) and break below could take the pair towards 1.6421 (Lower BB).
Recommendation: Good to buy around 1.6530, with stop loss of 1.6400 and target price of 1.6620


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/NZD gains some ground but outlook is bearish
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro:USD/JPY hovers near a four-decade low
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



