18 Feb 2014
EUR/AUD to take 1.51 handle?
FXStreet (Guatemala) - EUR/AUD is lower on the RBA minutes, dropping from 1.5160/80.
EUR/AUD made a leap of faith mid week last week from 1.5020 up to 1.5240 and the pair is currently on course to break down through the 1.51 handle post the RBA minutes with the Central Bank reaffirming its commitment to maintain rates stable for now. EUR is sticking to a very tight range around the 1.37 handle and is allowing the cross to run on Aussie demand. RSI (14) reads 48.59 and EMA’s are coming with a negative bias ahead of support 1.5080, 1.5060 and the psychological 1.50 handle and 2013 August highs.
EUR/AUD made a leap of faith mid week last week from 1.5020 up to 1.5240 and the pair is currently on course to break down through the 1.51 handle post the RBA minutes with the Central Bank reaffirming its commitment to maintain rates stable for now. EUR is sticking to a very tight range around the 1.37 handle and is allowing the cross to run on Aussie demand. RSI (14) reads 48.59 and EMA’s are coming with a negative bias ahead of support 1.5080, 1.5060 and the psychological 1.50 handle and 2013 August highs.