30 Aug 2013
EUR/AUD still above 1.48 despite recent Euro massive weakness
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is last trading at 1.4842, off recent session highs at 1.4871, following the UK Parliament voting against a military intervention on Syria, breaking even for the week so far.
EUR/AUD in range for last 7 trading days
The EUR/AUD is currently slightly lower from previous Asia-Pacific open yesterday mainly due to massive Euro weakness against USD, but not so much against Aussie, as AUD still weighs against USD as well. The cross manages to near the end of the trading week in the Asia-Pacific about to break even, ahead of a 3-day weekend in the US, with volatility highly likely to shoot up in the nearest term.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at early NY session lows 1.4790, followed by Monday's weekly lows at 1.4758, and August 22 lows at 1.4750. To the upside, closest resistance shows at mentioned session/past Friday's highs 1.4874/86, followed by yesterday's/August 22 highs at 1.4930, and Tuesday's highs at 1.4963.
EUR/AUD in range for last 7 trading days
The EUR/AUD is currently slightly lower from previous Asia-Pacific open yesterday mainly due to massive Euro weakness against USD, but not so much against Aussie, as AUD still weighs against USD as well. The cross manages to near the end of the trading week in the Asia-Pacific about to break even, ahead of a 3-day weekend in the US, with volatility highly likely to shoot up in the nearest term.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at early NY session lows 1.4790, followed by Monday's weekly lows at 1.4758, and August 22 lows at 1.4750. To the upside, closest resistance shows at mentioned session/past Friday's highs 1.4874/86, followed by yesterday's/August 22 highs at 1.4930, and Tuesday's highs at 1.4963.