17 Dec 2014
EUR/AUD hits 9-month high
FXStreet (Mumbai) - The single currency trades advanced against the Australian dollar after upbeat Euro zone data released yesterday and safe haven demand amid risk-off mood supported the Euro.
Currently, the EUR/AUD trades at 1.5325 levels, up 0.70% on the day, after hitting day’s low of 1.4592 levels earlier in the Asian morning. EUR/AUD pair gained largely due to steep losses seen in the AUD/USD pair, which took the pair down to lowest levels since May 2010. The Euro remains supported against the Australian dollar in absence of major economic releases during the European session.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.54 (Psychological) levels, above which gains could be extended to 1.5491 (Feb 2014) levels. On the flip side, support is seen at 1.5243 (10-day SMA), below which it could extend losses to 1.5223 (20-day SMA) levels.
Currently, the EUR/AUD trades at 1.5325 levels, up 0.70% on the day, after hitting day’s low of 1.4592 levels earlier in the Asian morning. EUR/AUD pair gained largely due to steep losses seen in the AUD/USD pair, which took the pair down to lowest levels since May 2010. The Euro remains supported against the Australian dollar in absence of major economic releases during the European session.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.54 (Psychological) levels, above which gains could be extended to 1.5491 (Feb 2014) levels. On the flip side, support is seen at 1.5243 (10-day SMA), below which it could extend losses to 1.5223 (20-day SMA) levels.