25 Mar 2015
EUR/AUD approaches 1.4000
FXStreet (Córdoba) - The EUR/AUD pair is rising on Wednesday, erasing previous losses. Price rose from 1.3860 and recently printed a fresh 2-day high at 1.3956.
Currently is hovien around 1.3950, near Monday’s high that lie at 1.3965; above the next key level is the 1.4000 area. Since March 10 the pair has been unable to consolidate above the mentioned level 1.4000.
EUR/AUD sideways
In the very short term the pair is moving to the upside, but since last week is sideways hovering around 1.3900, with support above 1.3800 and resistance below 1.4000.
At the beginning of the month the euro dropped sharply and bottomed against the aussie at 1.3728, the lowest since June 2013, and then rebounded.
Currently is hovien around 1.3950, near Monday’s high that lie at 1.3965; above the next key level is the 1.4000 area. Since March 10 the pair has been unable to consolidate above the mentioned level 1.4000.
EUR/AUD sideways
In the very short term the pair is moving to the upside, but since last week is sideways hovering around 1.3900, with support above 1.3800 and resistance below 1.4000.
At the beginning of the month the euro dropped sharply and bottomed against the aussie at 1.3728, the lowest since June 2013, and then rebounded.