16 Jul 2013
EUR/AUD correction extends below 1.43 after RBA minutes
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is last trading at 1.4267, off fresh session and weekly lows at 1.4245 following latest RBA meeting minutes.
EUR/AUD lower on Aussie strength
While EUR/USD remains unchanged for the week so far, AUD/USD has jumped above 0.9150 after the RBA meeting minutes, continuing the early spike higher above 0.9120 following Australia PM Rudd comments on carbon tax cut. The cross is down -1.2% for the week so far on recent Aussie strength, ahead of later on German ZEW at 09:00 GMT.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at Friday's lows at 1.4235, followed by July 08 highs at 1.4178, and Thursday's lows at 1.4076. To the upside, closest resistance shows at yesterday's lows 1.4309, followed by late London session and July 03 highs at 1.4399, and Friday's fresh 3-year highs at 1.4477.
EUR/AUD lower on Aussie strength
While EUR/USD remains unchanged for the week so far, AUD/USD has jumped above 0.9150 after the RBA meeting minutes, continuing the early spike higher above 0.9120 following Australia PM Rudd comments on carbon tax cut. The cross is down -1.2% for the week so far on recent Aussie strength, ahead of later on German ZEW at 09:00 GMT.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at Friday's lows at 1.4235, followed by July 08 highs at 1.4178, and Thursday's lows at 1.4076. To the upside, closest resistance shows at yesterday's lows 1.4309, followed by late London session and July 03 highs at 1.4399, and Friday's fresh 3-year highs at 1.4477.