• EUR/AUD fell below1.6300 level on Thursday after inflation data from Germany and Spain fuelled increased speculation that the European Central Bank may initiate an interest rate easing cycle.
• Inflation decreased in six key German states in August, indicating that national inflation could see a significant decline this month. Meanwhile, inflation in Spain slowed to its lowest pace in a year.
• At GMT 17:19, the pair was trading down 0.61 percent at 1.6282.
•Technical signals are bearish as RSI has turned sharply lower, daily momentum studies 5, 9 and 1 DMAs are trending down.
• Immediate resistance is located at 1.6421 (50%fib), any close above will push the pair towards 1.6477(Aug 27th high)
• Support is seen at 1.6278(38.2 %fib ) and break below could take the pair towards 1.6200(Psychological level).
Recommendation: Good to sell around 1.6300 , with stop loss of 1.6360 and target price of 1.6220.


AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/AUD bears maintain upper hand
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/ZAR retreats slightly but bias is bullish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 



