30 Oct 2013
EUR/AUD extends corrective move above 1.4480
FXstreet.com (Chicago) - EUR/AUD continues trading trendless after a journey where market participants were expectant of the US Fed’s interest rate decision.
Ahead of German data and consumer index results in the Euro-zone, market participants
EUR/AUD Technical Levels
1.4454 (October 4th highs), 1.4414 (October 25th highs) ahead of 1.4362 (October 9th highs) and the resistances set at 1.4523 (September 29th highs), 1.4558 (September 26th highs) followed by 1.4624 (August 15th highs). Technically speaking, the pair extends a corrective move after a rally from last week lows after the Aussie was backed up by strong economic results. Around double tops (October 2nd highs), the pair trades at the same levels as yesterday.
Ahead of German data and consumer index results in the Euro-zone, market participants
EUR/AUD Technical Levels
1.4454 (October 4th highs), 1.4414 (October 25th highs) ahead of 1.4362 (October 9th highs) and the resistances set at 1.4523 (September 29th highs), 1.4558 (September 26th highs) followed by 1.4624 (August 15th highs). Technically speaking, the pair extends a corrective move after a rally from last week lows after the Aussie was backed up by strong economic results. Around double tops (October 2nd highs), the pair trades at the same levels as yesterday.