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16 Aug 2013
EUR/AUD double dips above 1.4500
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is last trading at 1.4610 off recent session and weekly high at 1.4626, bouncing from mid London session double weekly low at 1.4460 when Aussie started to strongly slide.
EUR/AUD finds buyers above 1.45 for first time in 2 weeks
The cross has managed to bottom against most expectations, as many analyst were recently calling for a bearish continuation, although massive Aussie weakness following reportedly selling interest in AUD/USD above 0.9190 worked against it. EUR/AUD is up +0.72% for the week so far.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at current levels as Tues/Wed's highs 1.4601, followed by Monday's highs at 1.4558, and Tuesday's lows at 1.4530. To the upside, closest resistance shows at recent session/weekly highs at 1.4627, and August 08 lows at 1.4665.
EUR/AUD finds buyers above 1.45 for first time in 2 weeks
The cross has managed to bottom against most expectations, as many analyst were recently calling for a bearish continuation, although massive Aussie weakness following reportedly selling interest in AUD/USD above 0.9190 worked against it. EUR/AUD is up +0.72% for the week so far.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at current levels as Tues/Wed's highs 1.4601, followed by Monday's highs at 1.4558, and Tuesday's lows at 1.4530. To the upside, closest resistance shows at recent session/weekly highs at 1.4627, and August 08 lows at 1.4665.