27 Jun 2013
EUR/AUD pulling back previously lost 1.40 support
FXstreet.com (Barcelona) - EUR/AUD is last at 1.3980 off fresh session lows at 1.3950, printed on the back of Aussie strength, even though EUR has also picked up a bit as a pre-deal on banking resolution was reached late at night in Brussels, now needing to be confirmed at today's EU economic summit.
Aussie real money buyers spotted
The cross is down -1.79% for the week so far, as Aussie has been the strongest currency among majors for last 2 trading days, although still +10.22% higher year to date, and +14.27% in last 3 months. “Traders are reporting decent demand from real money accounts,” said FXBriefs.com editor Peter Fell, in reference to Aussie buyers, that seem to be taking some profit as the session in Asia ends with AUD/USD retracing to 0.9319 last.
Key technical levels
Immediate support to the downside for EUR/AUD lies at June 18 lows/June 14 highs 1.3953, followed by overnight's fresh 1-week lows at 1.3934, and June 12 lows at 1.3877. To the upside, closest resistance shows at recent session highs at 1.4027, followed by NY session highs at 1.4057, and Monday's lows at 1.4122.
Aussie real money buyers spotted
The cross is down -1.79% for the week so far, as Aussie has been the strongest currency among majors for last 2 trading days, although still +10.22% higher year to date, and +14.27% in last 3 months. “Traders are reporting decent demand from real money accounts,” said FXBriefs.com editor Peter Fell, in reference to Aussie buyers, that seem to be taking some profit as the session in Asia ends with AUD/USD retracing to 0.9319 last.
Key technical levels
Immediate support to the downside for EUR/AUD lies at June 18 lows/June 14 highs 1.3953, followed by overnight's fresh 1-week lows at 1.3934, and June 12 lows at 1.3877. To the upside, closest resistance shows at recent session highs at 1.4027, followed by NY session highs at 1.4057, and Monday's lows at 1.4122.