22 Jul 2014
EUR/AUD on the bid ahead of key 1.4460 resistance
FXStreet (Guatemala) - EUR/AUD is trading at 1.4436, up 0.07% on the day, having posted a daily high at 1.4443 and low at 1.4423.
We are inching higher and testing a congested resistance zone here with good momentum ahead of key 1.4460. We are awaiting RBA Governor Stevens who is due to speak at the Anika Foundation. Analysts at RBS explained that any comments on the currency will certainly be noteworthy, however noting that “The major event in Australia this week should be the second quarter CPI”.
EUR/AUD Levels
Current price is 1.4437, with resistance ahead at 1.4443 (Daily High and the Hourly 100 SMA), 1.4465 (Daily Classic R1) and 1.4471 (Hourly 200 SMA). Next support to the downside can be found at 1.4431 (Yesterday's High), 1.4427 and 1.4419 (Hourly 20 EMA).
We are inching higher and testing a congested resistance zone here with good momentum ahead of key 1.4460. We are awaiting RBA Governor Stevens who is due to speak at the Anika Foundation. Analysts at RBS explained that any comments on the currency will certainly be noteworthy, however noting that “The major event in Australia this week should be the second quarter CPI”.
EUR/AUD Levels
Current price is 1.4437, with resistance ahead at 1.4443 (Daily High and the Hourly 100 SMA), 1.4465 (Daily Classic R1) and 1.4471 (Hourly 200 SMA). Next support to the downside can be found at 1.4431 (Yesterday's High), 1.4427 and 1.4419 (Hourly 20 EMA).