27 Sep 2013
EUR/AUD unable to breakthrough 1.4430
FXstreet.com (Chicago) - EUR/AUD gave up the 1.44 zone momentarily and struggles to maintain it ahead of Tokyo’s opening.
Bearish Europe
On recent announcements, ECB’s Coeuré said there is evidence suggesting the ECB’s forward guidance has helped anchor money market conditions to appropriate levels and that the organization is not trying to steer market rates to predetermined value. In Europe, the euro-zone indexes closed with losses with the DAX printing 0.02% losses and the CAC 40 retracing 0.21%.
EUR/AUD Technical Levels
Technically speaking, the pair trades at 1.44 and oscillates between the supports aligned at 1.4344 (September 16th highs), 1.4292 (September 10th highs) ahead of 1.4196 (September 18th lows) and the resistances set at 1.4417 (September 5th highs), 1.4465 (September 8th highs) followed by 1.4536 (September 2nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20. The upward trendline originated last September 18th remains intact.
Bearish Europe
On recent announcements, ECB’s Coeuré said there is evidence suggesting the ECB’s forward guidance has helped anchor money market conditions to appropriate levels and that the organization is not trying to steer market rates to predetermined value. In Europe, the euro-zone indexes closed with losses with the DAX printing 0.02% losses and the CAC 40 retracing 0.21%.
EUR/AUD Technical Levels
Technically speaking, the pair trades at 1.44 and oscillates between the supports aligned at 1.4344 (September 16th highs), 1.4292 (September 10th highs) ahead of 1.4196 (September 18th lows) and the resistances set at 1.4417 (September 5th highs), 1.4465 (September 8th highs) followed by 1.4536 (September 2nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20. The upward trendline originated last September 18th remains intact.