20 Jun 2014
EUR/AUD nesting tucked in below 1.45 handle
FXStreet (Guatemala) - EUR/AUD is trading at 1.4476, down 0.00% on the day, having posted a daily high at 1.4485 and low at 1.4469.
EUR/AUD, having suffered over a cent in losses mid week is basing a foundation in key 1.4480 territory and consolidating ahead of ultimate European data for the week ahead while the next big event from Australia will be on July 1, with the RBA meeting. Ahead in Europe we have the current account and consumer confidence on the calendar which Rob Rennie, analyst at Westpac Banking Corporation ABN explained that the current account data is an important update on overall flows into Europe. “While April data predates Draghi's recent moves, it will nonetheless give us an important update on the forces that continue to support the EUR at levels well above those which the ECB would be happy with”.
EUR/AUD Levels
With spot trading at 1.4478, we can see next resistance ahead at 1.4485 (Daily High), 1.4498 (Yesterday's High), 1.4502 (Daily Classic R1), 1.4508 (Weekly High) and 1.4527 (Daily Classic R2). Support below can be found at 1.4478 (Daily Open), 1.4477 (Hourly 20 EMA), 1.4474 (Daily Classic PP), 1.4472 (Hourly 100 SMA) and 1.4469 (Daily Low).
EUR/AUD, having suffered over a cent in losses mid week is basing a foundation in key 1.4480 territory and consolidating ahead of ultimate European data for the week ahead while the next big event from Australia will be on July 1, with the RBA meeting. Ahead in Europe we have the current account and consumer confidence on the calendar which Rob Rennie, analyst at Westpac Banking Corporation ABN explained that the current account data is an important update on overall flows into Europe. “While April data predates Draghi's recent moves, it will nonetheless give us an important update on the forces that continue to support the EUR at levels well above those which the ECB would be happy with”.
EUR/AUD Levels
With spot trading at 1.4478, we can see next resistance ahead at 1.4485 (Daily High), 1.4498 (Yesterday's High), 1.4502 (Daily Classic R1), 1.4508 (Weekly High) and 1.4527 (Daily Classic R2). Support below can be found at 1.4478 (Daily Open), 1.4477 (Hourly 20 EMA), 1.4474 (Daily Classic PP), 1.4472 (Hourly 100 SMA) and 1.4469 (Daily Low).