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4 Jun 2014
EUR/AUD dumps to test the weeks low
FXStreet (Guatemala) - Currently, EUR/AUD is trading at 1.4661, down -0.31% on the day, having posted a daily high at 1.4719 and low at 1.4641.
EUR/AUD has moved in tandem with a stronger Aussie post the release of the positive Aussie Q1 GDP print. The results were 3.5% and 1.1% vs consensus 1% QoQ and 3.3% YoY, up from 0.8% and 2.8% in Q4, respectively. The focus now will turn back towards the ECB, but unless there is a surprise from the Central Bank, well, markets have already priced in a great deal in terms of rates staying low for a long period of time.
EUR/AUD Levels
With spot trading at 1.4665, we can see next resistance ahead at 1.4668 (Weekly Classic PP), 1.4677 (Hourly 100 SMA), 1.4699 (Daily Classic PP), 1.4705 (Hourly 20 EMA) and 1.4708 (Daily Open). Support below can be found at 1.4650 (Daily Classic S1), 1.4641 (Daily Low), (Yesterday's Low), 1.4615 (Monthly Low) and 1.4615 (Weekly Low).
EUR/AUD has moved in tandem with a stronger Aussie post the release of the positive Aussie Q1 GDP print. The results were 3.5% and 1.1% vs consensus 1% QoQ and 3.3% YoY, up from 0.8% and 2.8% in Q4, respectively. The focus now will turn back towards the ECB, but unless there is a surprise from the Central Bank, well, markets have already priced in a great deal in terms of rates staying low for a long period of time.
EUR/AUD Levels
With spot trading at 1.4665, we can see next resistance ahead at 1.4668 (Weekly Classic PP), 1.4677 (Hourly 100 SMA), 1.4699 (Daily Classic PP), 1.4705 (Hourly 20 EMA) and 1.4708 (Daily Open). Support below can be found at 1.4650 (Daily Classic S1), 1.4641 (Daily Low), (Yesterday's Low), 1.4615 (Monthly Low) and 1.4615 (Weekly Low).