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FxWirePro- Woodies Pivot(Major) 
EUR/AUD has seen a good bounce off strong trendline support currently at 1.54 levels.
- Price action is well above the daily cloud and 200-DMA (1.5105), and MACD indicates further momentum higher.
- The pair has strong support at 1.56 levels (5-DMA) and we see major weakness only on breaks below 1.5500 (10-DMA).
- Widening Ichi cloud and positive momentum could see the pair test resistance at 1.60.
- There is slight weakness evidenced on the day, which could give good buying opportunity, bullish invalidation on breaks below 1.5500 (10-DMA).
- German industrial production and Euro zone Sentix investor confidence data are lined up for release, could have some influence on the pair.
Recommendation: Good to buy dips around 1.5650, SL: 1.5500, TP: 1.5790/1.5830/1.5945/1.60
Resistance Levels:
R1: 1.5789 (Feb 5th high)
R2: 1.5823 (Jan 14 high)
R3: 1.5943 (Jan 19 high)
Support Levels:
S1: 1.5605 (5-DMA)
S2: 1.5530 (Feb 5 lows)
S3: 1.5507 (10-DMA)
