16 Jun 2014
EUR/AUD downside risks still prevail
FXStreet (Guatemala) - EUR/AUD is trading at 1.4411, up 0.06% on the day, having posted a daily high at 1.4432 and low at 1.4392.
The EUR/AUD has been tracking the EUR/USD and the bounce off 1.35 was unable to make the pivot which has left EUR/AUD pressured to the downside at the start of the week. Meanwhile, we will hear from the RBA Assistant Governor Chris Kent who will be speaking on the labour market today at 1:20pm Sydney and then we have the RBA minutes released Tomorrow at 11:30am Syd. It will be worth noting the Fed this week and if Dovish that may support the Euro overall.
EUR/AUD Levels
With spot trading at 1.4412, we can see next resistance ahead at 1.4413 (Daily Classic PP), 1.4432 (Daily High), 1.4434 (Hourly 100 SMA), 1.4455 (Daily Classic R1) and 1.4462 (Weekly Classic PP). Support below can be found at 1.4409 (Hourly 20 EMA), 1.4408 (Daily Open), 1.4392 (Daily Low), 1.4374 (Monthly Low) and 1.4374 (Weekly Low).
The EUR/AUD has been tracking the EUR/USD and the bounce off 1.35 was unable to make the pivot which has left EUR/AUD pressured to the downside at the start of the week. Meanwhile, we will hear from the RBA Assistant Governor Chris Kent who will be speaking on the labour market today at 1:20pm Sydney and then we have the RBA minutes released Tomorrow at 11:30am Syd. It will be worth noting the Fed this week and if Dovish that may support the Euro overall.
EUR/AUD Levels
With spot trading at 1.4412, we can see next resistance ahead at 1.4413 (Daily Classic PP), 1.4432 (Daily High), 1.4434 (Hourly 100 SMA), 1.4455 (Daily Classic R1) and 1.4462 (Weekly Classic PP). Support below can be found at 1.4409 (Hourly 20 EMA), 1.4408 (Daily Open), 1.4392 (Daily Low), 1.4374 (Monthly Low) and 1.4374 (Weekly Low).