• EUR/AUD declined on Monday as Australian dollar firmed ahead of a rate decision from the Reserve Bank of Australia (RBA) on Tuesday.
• The RBA is expected to deliver a quarter-point cut, marking its first reduction in over four years as it joins other major central banks in their easing cycles..
• Inflation in Australia dropped to 2.4% last quarter, within the RBA's 2-3% target, prompting several economists to bring forward rate cut expectations to February 18.
• Technical signals are bearish as RSI is heading down at 42, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6514 (50%fib), any close above will push the pair towards 1.6576(50%fib)
• Support is seen at 1.65454(38.2%fib ) and break below could take the pair towards 1.6380(23.6%fib).
Recommendation: Good to sell around 1.6480, with stop loss of 1.6550 and target price of 1.6410


FxWirePro: USD/CAD drifts lower, could be on verge of bigger drop
NZD/JPY Slips as Yen Strength Returns: Bears Eye Deeper Drop Toward 90.00
FxWirePro: GBP/USD bulls struggles as upside momentum fades
FxWirePro- Major Pair levels and bias summary
EURGBP Breaks Above 0.8700 on Euro Surge: Bullish Momentum Builds Toward 0.8800+?
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro: USD/JPY slides below 154 level, scope for further downside
GBP/JPY Slips Below 210 as Yen Surge Turns Rallies into Selling Opportunities
GBPJPY Stuck in Tight Range: Bullish Bias Holds Above 211.50 – Dip Buyers Targeting 215 Breakout?
FxWirePro: USD/ZAR recovers slightly but bears are not done yet
EUR/USD Powers Higher on Dismal US Retail Sales Miss: Bullish Breakout Brewing Toward 1.2000?
FxWirePro: NZD/USD firms, setting up for next leg higher
FxWirePro- Woodies Pivot(Major)
NZDJPY Pullback: Yen Strengthens on Takaichi's Election Victory – Buy the Dip Toward 96?
AUDJPY Holds the Line: Positive Bias Intact Above 109 – Dip Buyers Eyeing 112 Breakout? 



