7 Feb 2014
EUR/AUD is flirting with 1.5200 as the Aussie is under pressure across the board
FXStreet (Moscow) - EUR/AUD is on the upside quest in Asia as the cross started the day at 1.5155 and set the current intraday high at 1.5217; now the cross is back below 1.5200.
EUR/AUD is tired of Aussie rally. Time to have a rest
EUR/AUD was among those few EUR pairs where the single currency failed to finish the day in the green zone. It’s just because the Aussie also grew rapidly across the board. Now that the RBA quarterly monetary policy statement is out of the way, the cross will be influenced by German industrial production numbers and speculative factors, related to the market positioning before the US non-farm payroll data. If the break above 1.5200 is sustained, the resistance level of 1.5239 will come into play. The support comes at the intraday low of 1.5155 and followed by 1.5100.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5131, with the support at 1.5062, 1.4954 and 1.4885, with resistance above at 1.5239, 1.5308 and 1.5416. Hourly Moving Averages are mixed, with the 200SMA at 1.5486 and the daily 20EMA at 1.5365. Hourly RSI is neutral at 61.
EUR/AUD is tired of Aussie rally. Time to have a rest
EUR/AUD was among those few EUR pairs where the single currency failed to finish the day in the green zone. It’s just because the Aussie also grew rapidly across the board. Now that the RBA quarterly monetary policy statement is out of the way, the cross will be influenced by German industrial production numbers and speculative factors, related to the market positioning before the US non-farm payroll data. If the break above 1.5200 is sustained, the resistance level of 1.5239 will come into play. The support comes at the intraday low of 1.5155 and followed by 1.5100.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5131, with the support at 1.5062, 1.4954 and 1.4885, with resistance above at 1.5239, 1.5308 and 1.5416. Hourly Moving Averages are mixed, with the 200SMA at 1.5486 and the daily 20EMA at 1.5365. Hourly RSI is neutral at 61.