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18 Oct 2013
EUR/AUD spikes to 1.4217 highs
FXstreet.com (Chicago) - EUR/AUD continues printing higher highs and lows still trading above key 1.42 front ahead of Chinese GDP data and Australian speech.
Full circle
Price action reveals the full-circle roundtrip from September 18th levels, FOMC and Fed’s “no tapering” decision day. With the US government reopened and a dollar subdued, the euro is held higher despite weaker than expected data – with an apparent little influence on price action.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4206 after short-term rally consolidation. Oscillating between supports aligned at 1.4190 (September 18th lows), 1.4080 (July 15th lows) ahead of 1.4010 (June 30th lows) and resistances set at 1.4267 (October 12th highs), 1.4331 (October 4th lows) followed by 1.4386 (October 8th lows), market participants wait for RBA’s Governor speeches and Chinese data. The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Full circle
Price action reveals the full-circle roundtrip from September 18th levels, FOMC and Fed’s “no tapering” decision day. With the US government reopened and a dollar subdued, the euro is held higher despite weaker than expected data – with an apparent little influence on price action.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4206 after short-term rally consolidation. Oscillating between supports aligned at 1.4190 (September 18th lows), 1.4080 (July 15th lows) ahead of 1.4010 (June 30th lows) and resistances set at 1.4267 (October 12th highs), 1.4331 (October 4th lows) followed by 1.4386 (October 8th lows), market participants wait for RBA’s Governor speeches and Chinese data. The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis with a neutral EMA20.