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28 Jan 2014
EUR/AUD is rapidly losing ground below 1.5600
FXstreet.com (Moscow) - EUR/AUD started the day at 1.5613, and even touched the intraday high at 1.5667, but, alas, could not hold on and crashed below the support of 1.5600 to the current levels of 1.5555.
EUR/AUD follows where Aussie leads
EUR/AUD is moving lower on Tuesday due to the Aussie is strengthening across the board. Asian bourses edged up today as the turmoil at the emerging markets calmed down a bit and the pressure on the risk-sensitive currencies receded. The cross is likely to continue moving on the technical and Aussie related factors today, as the Eurozone macro calendar is not packed with the events today. We are waiting for the German import prices, that may provide further guidance with respect to inflation situation in the biggest European economy. Though the report will hardly be able to trigger market reaction. The key support in the cross comes at 1.5520 and followed by 1.5500. The resistance lies at 1.5600 and followed by 1.5631.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5667, with the support at 1.5560, 1.5492 and 1.5385, with resistance above at 1.5735, 1.5842 and 1.5910. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.5473 and the daily 20EMA at 1.5398. Hourly RSI is neutral at 35.
EUR/AUD follows where Aussie leads
EUR/AUD is moving lower on Tuesday due to the Aussie is strengthening across the board. Asian bourses edged up today as the turmoil at the emerging markets calmed down a bit and the pressure on the risk-sensitive currencies receded. The cross is likely to continue moving on the technical and Aussie related factors today, as the Eurozone macro calendar is not packed with the events today. We are waiting for the German import prices, that may provide further guidance with respect to inflation situation in the biggest European economy. Though the report will hardly be able to trigger market reaction. The key support in the cross comes at 1.5520 and followed by 1.5500. The resistance lies at 1.5600 and followed by 1.5631.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5667, with the support at 1.5560, 1.5492 and 1.5385, with resistance above at 1.5735, 1.5842 and 1.5910. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.5473 and the daily 20EMA at 1.5398. Hourly RSI is neutral at 35.