Back
12 Jun 2014
EUR/AUD bears standing their ground
FXStreet (Guatemala) - EUR/AUD is trading at 1.4429, up 0.12% on the day, having posted a daily high at 1.4485 and low at 1.4379.
EUR/AUD, as with a number of crosses, has fallen back into line post the initial market activity around the Australian jobs data. The pair spiked to test the descending trend of June but was quickly stamped on by the bears who read into the readings as actually rather positive in relation to the encouraging full-time employment numbers with 22,200 jobs being created.
EUR/AUD Levels
Spot is presently trading at 1.4435, and next resistance can be seen at 1.4453 (Monthly Low), (Weekly Low), (YTD Low), 1.4454 (Daily Classic R1) and 1.4460 (Yesterday's High). Next support to the downside can be found at 1.4426 (Hourly 20 EMA), 1.4424 (Daily Classic PP), 1.4420 (Daily Open), 1.4394 (Yesterday's Low) and 1.4388 (Daily Classic S1).
EUR/AUD, as with a number of crosses, has fallen back into line post the initial market activity around the Australian jobs data. The pair spiked to test the descending trend of June but was quickly stamped on by the bears who read into the readings as actually rather positive in relation to the encouraging full-time employment numbers with 22,200 jobs being created.
EUR/AUD Levels
Spot is presently trading at 1.4435, and next resistance can be seen at 1.4453 (Monthly Low), (Weekly Low), (YTD Low), 1.4454 (Daily Classic R1) and 1.4460 (Yesterday's High). Next support to the downside can be found at 1.4426 (Hourly 20 EMA), 1.4424 (Daily Classic PP), 1.4420 (Daily Open), 1.4394 (Yesterday's Low) and 1.4388 (Daily Classic S1).