EUR/AUD: Worth buying dips but keep stops tight below 1.4150
- Consistent corporate buying has been noted on every dip towards 1.4200 in recent weeks;
- Modest technical support seen around 1.4170 (see chart);
- Clean break below 1.4150 opens possibility of deeper falls towards 1.3860;
- Fed decision should be seen as risk-positive and therefore AUD-positive.
Decent risk-reward in buying dips towards 1.4170 with very tight stops below 1.4150.