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5 Feb 2015
EUR/AUD below 100-DMA
FXStreet (Mumbai) - The common currency extended its slide versus the Australian dollar and remains weak after a sharp rebound in German factory data did little to lift the Euro.
Rejected by 5-DMA at 1.4604 levels
Currently, the EUR/AUD cross trades at 1.4572 levels, losing -0.42% on the day, having previously posted day’s high at 1.4654 levels. The cross traded lower largely on Aussie strength which received support from improved housing data. On the other hand, the shared currency treads waters after the ECB’s denial to accept Greek bonds as collateral.
At the moment, the AUD/USD pair trades at 0.7793, up 0.54% on the day. While EUR/USD trades slightly higher by 0.12% at 1.1357 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4604 levels, above which gains could be extended to 1.4654 levels. On the flip side, support is seen at 1.4559 levels, from here it to 1.4500 levels.
Rejected by 5-DMA at 1.4604 levels
Currently, the EUR/AUD cross trades at 1.4572 levels, losing -0.42% on the day, having previously posted day’s high at 1.4654 levels. The cross traded lower largely on Aussie strength which received support from improved housing data. On the other hand, the shared currency treads waters after the ECB’s denial to accept Greek bonds as collateral.
At the moment, the AUD/USD pair trades at 0.7793, up 0.54% on the day. While EUR/USD trades slightly higher by 0.12% at 1.1357 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4604 levels, above which gains could be extended to 1.4654 levels. On the flip side, support is seen at 1.4559 levels, from here it to 1.4500 levels.