16 Jul 2013
EUR/AUD waiting for RBA below 1.44
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is currently trading at 1.4355, traped inside a tight trading range since yesterday's Asian session, ahead of RBA meeting minutes today at 01:30 GMT.
EUR/AUD run to 1.50 on the cards
“I am not sure what to do up here, so think that for the next couple of sessions at least, taking back seat may be the best move,” said FX Charts analyst Jim Langlands, who adds: “The cross closed just below Friday’s 3 year highs (1.4475) and the weeklies certainly point to further eventual strength, suggesting that a run to 1.5000 could be on the cards.”
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at recent session lows/Friday's Asian session highs 1.4337, followed by London session weekly lows at 1.4306, and Friday's lows at 1.4235. To the upside, closest resistance shows at late London session and July 03 highs 1.4399, followed by June 20 highs at 1.4417, and Friday's fresh 3-year highs at 1.4477.
EUR/AUD run to 1.50 on the cards
“I am not sure what to do up here, so think that for the next couple of sessions at least, taking back seat may be the best move,” said FX Charts analyst Jim Langlands, who adds: “The cross closed just below Friday’s 3 year highs (1.4475) and the weeklies certainly point to further eventual strength, suggesting that a run to 1.5000 could be on the cards.”
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at recent session lows/Friday's Asian session highs 1.4337, followed by London session weekly lows at 1.4306, and Friday's lows at 1.4235. To the upside, closest resistance shows at late London session and July 03 highs 1.4399, followed by June 20 highs at 1.4417, and Friday's fresh 3-year highs at 1.4477.