23 Dec 2013
EUR/AUD flat above 1.5300
FXstreet.com (Córdoba) - The EUR/AUD is moving sideways in a quiet session as markets in Japan remain closed. The pair has been trading in a small range with support at 1.5315, where last week lows also lit and resistance at 1.5340.
EUR/AUD consolidation ahead?
The Euro finished unchanged last week at 1.5315 after hitting at 1.5573, the highest price since February 2010. The EUR/JPY was rejected from levels above 1.5500 and started to make corrective moves.
Since November 11th the EUR/AUD has risen more than a thousand pips, posting five consecutive weeks of gains, before finishing unchanged last Friday. The weekly close at the same level it opened, far from the highs, could suggest consolidation moves ahead.
EUR/AUD consolidation ahead?
The Euro finished unchanged last week at 1.5315 after hitting at 1.5573, the highest price since February 2010. The EUR/JPY was rejected from levels above 1.5500 and started to make corrective moves.
Since November 11th the EUR/AUD has risen more than a thousand pips, posting five consecutive weeks of gains, before finishing unchanged last Friday. The weekly close at the same level it opened, far from the highs, could suggest consolidation moves ahead.