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10 Sep 2013
EUR/AUD dips to fresh day lows barely above 1.4300
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is last trading at fresh session lows 1.4308 retracing all the way from session highs at 1.4378 on the back of Aussie strength following best Australia NAB Business Confidence data since May 2011.
EUR/AUD threatening 1.43 support
“EUR/AUD back near 1.4300 where corporate orders were reported yesterday ,” said FXWW founder Sean Lee. The EUR/AUD cross is slightly lower for the week so far, ahead of Australia jobs data due out on Thursday. According to IFRMarkets Andrew Spencer the EUR/AUD trend is lower, with last 8 sessions of lower highs, and 5, 10 and 20 DMA's heading south.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at yesterday's weekly lows 1.4292, followed by Friday's lows at 1.4259, and July 24 lows at 1.4179. To the upside, closest resistance shows at recent session highs 1.4378, followed by NY session and weekly highs at 1.4385, and Thursday's highs at 1.4470.
EUR/AUD threatening 1.43 support
“EUR/AUD back near 1.4300 where corporate orders were reported yesterday ,” said FXWW founder Sean Lee. The EUR/AUD cross is slightly lower for the week so far, ahead of Australia jobs data due out on Thursday. According to IFRMarkets Andrew Spencer the EUR/AUD trend is lower, with last 8 sessions of lower highs, and 5, 10 and 20 DMA's heading south.
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at yesterday's weekly lows 1.4292, followed by Friday's lows at 1.4259, and July 24 lows at 1.4179. To the upside, closest resistance shows at recent session highs 1.4378, followed by NY session and weekly highs at 1.4385, and Thursday's highs at 1.4470.