FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
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FxWirePro-Major European Indices 
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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies Pivot(Major) 
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- XAU/USD is currently trading around $1273 mark.
- It made intraday high at $1281 and low at $1273 levels.
- Intraday bias remains bearish for the moment.
- A daily close above $1278 will take the parity up towards key resistances $1285(May 05, 2016 high), $1298 and $1303(May 02, 2016 high) marks respectively.
- Alternatively, a daily close below $1268 will drag the parity down towards key support levels at $1262, $1258 (30D EMA), $1252 (February 24, 2016 high), $1248, $1242 and $1237 marks respectively.
- Later today U.S will release FOMC meeting minutes at 0600 GMT. It will be scrutinized further for the odds of June hike.
We prefer to take long position in XAU/USD around $1270, stop loss $1258 and target $1285 marks.
