13 Nov 2013
EUR/AUD propelled to 1.4454 highs
FXstreet.com (Chicago) - EUR/AUD reached 1.4454 highs shortly after the release of NZ data with correlation on the pair’s price action.
EUR/AUD Technical Levels
Price action reveals the pair edges higher reaching 1.4454 session highs and retracing minimally still close to the 1.4450 front. Offered at 1.4448, the pair oscillates between the supports aligned at 1.4419 (October 24th highs), 1.4241 (September 16th lows) followed by 1.4176 (October 8th highs) and the resistances set at 1.4527 (October 29th highs), 1.4622 (August 14th highs) followed by 1.4686 (September 3rd highs). The pair seems to have reacted to NZ data releases and the RBNZ financial stability report publication. Hourly and 4 HR charts evidence a clear rally aiming for the 1.4570 front. The support of primary and secondary trends reveals a strong backup for further advancements. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.
EUR/AUD Technical Levels
Price action reveals the pair edges higher reaching 1.4454 session highs and retracing minimally still close to the 1.4450 front. Offered at 1.4448, the pair oscillates between the supports aligned at 1.4419 (October 24th highs), 1.4241 (September 16th lows) followed by 1.4176 (October 8th highs) and the resistances set at 1.4527 (October 29th highs), 1.4622 (August 14th highs) followed by 1.4686 (September 3rd highs). The pair seems to have reacted to NZ data releases and the RBNZ financial stability report publication. Hourly and 4 HR charts evidence a clear rally aiming for the 1.4570 front. The support of primary and secondary trends reveals a strong backup for further advancements. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis navigating above the EMA20.