22 Dec 2014
EUR/AUD stuck near 10-DMA
FXStreet (Mumbai) - The EUR/AUD pair extended gains above 1.5 levels today, although the 10-DMA located at 1.5062 seems to act as a strong resistance.
The pair currently trades 0.29% higher at 1.5055; near the day’s high of 1.5060. The pair regained the 1.5 handle earlier today as the EUR/USD bounced-off from the 200-month moving average to trade 0.30% higher at 1.2264 levels. Meanwhile, the AUD/USD pair continues to trade largely unchanged at 0.8148 levels. Moreover, the European Central Bank (ECB) bank’s vice president, Vitor Constancio’s comments on falling inflation and the possibility of negative interest rates in the Eurozone failed to weaken the single currency.
EUR/AUD Technical Levels
The pair has an immediate resistance located at 1.5062 (10-DMA), above which gains could be extended to 1.5106 (5-DMA). Meanwhile, support is located at 1.5 and 1.4978 levels.
The pair currently trades 0.29% higher at 1.5055; near the day’s high of 1.5060. The pair regained the 1.5 handle earlier today as the EUR/USD bounced-off from the 200-month moving average to trade 0.30% higher at 1.2264 levels. Meanwhile, the AUD/USD pair continues to trade largely unchanged at 0.8148 levels. Moreover, the European Central Bank (ECB) bank’s vice president, Vitor Constancio’s comments on falling inflation and the possibility of negative interest rates in the Eurozone failed to weaken the single currency.
EUR/AUD Technical Levels
The pair has an immediate resistance located at 1.5062 (10-DMA), above which gains could be extended to 1.5106 (5-DMA). Meanwhile, support is located at 1.5 and 1.4978 levels.