23 Oct 2013
EUR/AUD attempts comeback above 1.42
FXstreet.com (Chicago) - EUR/AUD gave in the 1.42 front but spiked above it momentarily attempting to regain it ahead of Australian data releases and Tokyo’s opening.
Ahead of Australian CPI series releases along consumer confidence results in the Euro-zone, the euro seems to lose momentum.
EUR/AUD Technical Levels
Technically speaking, the pair evidences a primary and secondary trends diverging with the latter pointing up. Retracing from the 1.42 zone, the pair is offered at 1.4189 oscillating between the supports aligned at 1.4176 (October 18th highs), 1.4123 (October 18th lows) ahead of 1.4030 (July 5th lows) and the resistances set at 1.4223 (October 17th highs), 1.4270 (October 11th lows) followed by 1.4318 (October 7th lows).
Ahead of Australian CPI series releases along consumer confidence results in the Euro-zone, the euro seems to lose momentum.
EUR/AUD Technical Levels
Technically speaking, the pair evidences a primary and secondary trends diverging with the latter pointing up. Retracing from the 1.42 zone, the pair is offered at 1.4189 oscillating between the supports aligned at 1.4176 (October 18th highs), 1.4123 (October 18th lows) ahead of 1.4030 (July 5th lows) and the resistances set at 1.4223 (October 17th highs), 1.4270 (October 11th lows) followed by 1.4318 (October 7th lows).