9 Apr 2014
EUR/AUD neutral ahead of data
FXStreet (Guatemala) - Currently, EUR/AUD is trading at 1.4747, up 0.06% on the day, having posted a daily high at 1.4761 and low at 1.4732.
From the calendar, markets are waiting for Australian data in the form of Westpac Consumer Confidence. Meanwhile, Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, ECB explained that the rhetoric seems to be relatively unified from the ECB; essentially that there are no signs of deflation, that low inflation is self-fulfilling and there are still standard policy tools to be used before turning to unconventional policy.
Technically neutral
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Meanwhile, daily RSI is in neutral territory at 34.78. On the hourly EUR/AUD chart, the 200 SMA is declining and currently at 1.4783, down from the previous hour close at 1.4853. On average, the exponential closing price for the past 20 days is 1.5022, with the trend indicating a continuation lower ahead.
EUR/AUD Levels
Current price is 1.4748, with resistance ahead at 1.4754 (Daily Classic S1), 1.4761 (Daily High), 1.4762 (Hourly 20 EMA), 1.4803 (Weekly Classic PP) and 1.4805 (Daily Classic PP). Next support to the downside can be found at 1.4747 (YTD Low), 1.4739 (Daily Open), 1.4739 (Monthly Low), 1.4739 (Weekly Low) and 1.4732 (Daily Low).
From the calendar, markets are waiting for Australian data in the form of Westpac Consumer Confidence. Meanwhile, Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, ECB explained that the rhetoric seems to be relatively unified from the ECB; essentially that there are no signs of deflation, that low inflation is self-fulfilling and there are still standard policy tools to be used before turning to unconventional policy.
Technically neutral
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. Meanwhile, daily RSI is in neutral territory at 34.78. On the hourly EUR/AUD chart, the 200 SMA is declining and currently at 1.4783, down from the previous hour close at 1.4853. On average, the exponential closing price for the past 20 days is 1.5022, with the trend indicating a continuation lower ahead.
EUR/AUD Levels
Current price is 1.4748, with resistance ahead at 1.4754 (Daily Classic S1), 1.4761 (Daily High), 1.4762 (Hourly 20 EMA), 1.4803 (Weekly Classic PP) and 1.4805 (Daily Classic PP). Next support to the downside can be found at 1.4747 (YTD Low), 1.4739 (Daily Open), 1.4739 (Monthly Low), 1.4739 (Weekly Low) and 1.4732 (Daily Low).