• EUR/AUD declined on Monday as Australian dollar rebounded from last week’s sell off.
• Oil rose 5.5%, copper gained 2.4%, helping lift AUD off Friday’s nine-month low.
• At GMT 21:54, the pair was trading down 0.03percent at $1.1628.
• Daily technical hint at growing correction risk, though monthly indicators were bullish, suggesting any rebound would be shallow.
• Immediate resistance is located at 1.6333 ( 38.2%fib), any close above will push the pair towards 1.6441 (23.6%fib)
• Strong support is seen at 1.6249(50 %fib ) and break below could take the pair towards 1.6183 (9DMA).
Recommendation: Good to sell on rally around 1.6290, with stop loss of 1.6400 and target price of 1.6200.


FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/NZD gains some ground but bias is still bearish 



