19 Nov 2013
EUR/AUD finding asks at 1.4410
FXstreet.com (Chicago) - EUR/AUD extends the bullish channel after earlier reversal that started from 1.4326 weekly lows and continues ahead of Tokyo’s opening and the RBA’s minutes release.
In Europe, trade balance releases were made with matched results for the month of September. Equity markets printed gains across most countries.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4410 and oscillates between the supports aligned at 1.4381 (November 14th lows), 1.4358 (November 11th highs) ahead of 1.4326 (November 18th lows) and the resistances set at 1.4415 (November 18th highs), 1.4453 (October 31st highs) followed by 1.4478 (November 14th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish navigating above the EMA20.
In Europe, trade balance releases were made with matched results for the month of September. Equity markets printed gains across most countries.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4410 and oscillates between the supports aligned at 1.4381 (November 14th lows), 1.4358 (November 11th highs) ahead of 1.4326 (November 18th lows) and the resistances set at 1.4415 (November 18th highs), 1.4453 (October 31st highs) followed by 1.4478 (November 14th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish navigating above the EMA20.