30 Jan 2014
EUR/AUD finds support at 1.5500 and turns to the upside
FXstreet.com (Córdoba) - The EUR/AUD finished with gains on Wednesday after breaking short term resistances and managed to climb above 1.5600.
EUR/AUD rebounds at the 1.5500 zone
During the Asian session the EUR/AUD bottomed at 1.5473, the lowest price since January 23 but rebounded quickly. The Euro avoid any consolidation under 1.5500 and gained momentum on European hours, when it rose to 1.5640.
Yesterday the pair finished moving sideways, after making a run to 1.5652 and closed above 1.5600. Early in Asia the EUR/AUD is losing upside momentum and is falling toward the mentioned level. Immediate support lies at 1.5575 where an hourly uptrend line stands. To the upside, immediate resistance is seen at 1.5650 and above at 1.5570.
EUR/AUD rebounds at the 1.5500 zone
During the Asian session the EUR/AUD bottomed at 1.5473, the lowest price since January 23 but rebounded quickly. The Euro avoid any consolidation under 1.5500 and gained momentum on European hours, when it rose to 1.5640.
Yesterday the pair finished moving sideways, after making a run to 1.5652 and closed above 1.5600. Early in Asia the EUR/AUD is losing upside momentum and is falling toward the mentioned level. Immediate support lies at 1.5575 where an hourly uptrend line stands. To the upside, immediate resistance is seen at 1.5650 and above at 1.5570.