18 Jul 2014
EUR/AUD building on risk aversion events
FXStreet (Guatemala) - EUR/AUD is trading at 1.4466, up 0.03% on the day, having posted a daily high at 1.4470 and low at 1.4464.
EUR/AUD has continued to build on the sell off in the AUD/USD and is into overbought territory here with the RSI at 78.84, up from the last hourly print at 58.61, and with ADX at 40.52, up from its previous close at 26.15. Risk aversion is taking hold of markets and the commodity currencies are under attack in a global political situation that is becoming more tense as the sessions go on today. Away from Russia / Ukraine and Malaysia, we are now getting reports that Israel is said to have begun a land invasion of Gaza.
EUR/AUD hourly levels
With spot trading at 1.4468, we can see next resistance ahead at 1.4470 (Daily High), 1.4475 (Yesterday's High), 1.4479 (Hourly 100 SMA) and 1.4487 (Hourly 200 SMA). Support below can be found at 1.4464 (Daily Open), 1.4464 (Daily Low), 1.4437 (Weekly Low), 1.4436 (Hourly 20 EMA) and 1.4427 (Weekly Classic S1).
EUR/AUD has continued to build on the sell off in the AUD/USD and is into overbought territory here with the RSI at 78.84, up from the last hourly print at 58.61, and with ADX at 40.52, up from its previous close at 26.15. Risk aversion is taking hold of markets and the commodity currencies are under attack in a global political situation that is becoming more tense as the sessions go on today. Away from Russia / Ukraine and Malaysia, we are now getting reports that Israel is said to have begun a land invasion of Gaza.
EUR/AUD hourly levels
With spot trading at 1.4468, we can see next resistance ahead at 1.4470 (Daily High), 1.4475 (Yesterday's High), 1.4479 (Hourly 100 SMA) and 1.4487 (Hourly 200 SMA). Support below can be found at 1.4464 (Daily Open), 1.4464 (Daily Low), 1.4437 (Weekly Low), 1.4436 (Hourly 20 EMA) and 1.4427 (Weekly Classic S1).