EUR/AUD jumps almost 200 pips after jobs data

FXstreet.com (Córdoba) - The EUR/AUD rocketed from 1.5275 to 1.5470 reaching the strongest level since January 2 after the release of weak economic data in Australia. The pair is now headed toward the third daily gain in a row, accumulating an increase of more than 400 pips from Monday's low.

According to the Australian Bureau of Statistics the employment fell on December by 22.600, surprising analysts that expected a gain of 10.000. The unemployment rate remained at 5,8% as expected.

Levels to watch for the EUR/AUD

To the upside, above 1.5470 resistance could be located at 1.5490 (January 2 high) and 1.5555 (December 30 high). To the downside support now lies at 1.5375 and below at 1.5325.