EUR/AUD initially rose on Wednesday, but later lost some ground as the euro struggled to maintain strength amid firm expectations that the ECB will cut rates before the Fed.
•The European Central Bank has signalled its intention to cut in June, assuming the data points in the right direction.
• At GMT 17:28, the pair was trading up 0.25 percent at 1.6337 after reaching daily high at 1.6382.
• Technical signals are bearish as RSI is heading down at 40, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6382 ( 38.2% fib), any close above will push the pair towards 1.6438 (May 2nd High ).
• Support is seen at 1.6295 (Daily low) and break below could take the pair towards 1.6226 (23.6%fib).
Recommendation: Good to sell on rally around 1.6340, with stop loss of 1.6430 and target price of 1.6260


FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Major Crypto levels and bias summary 



