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9 Jan 2015
EUR/AUD hovers around fresh Six-Week Lows
FXStreet (Mumbai) - The single currency extended its slide against the Australian dollar in the Asian session, as the Aussie strengthened versus the USD.
Currently, the EUR/AUD cross trades at 1.4501 levels, down -0.14% on the day, having posted a fresh six-week low at 1.4492 levels an hour ago. The EUR/AUD cross remains pressured as the Aussie extends its upward trajectory against the US dollar on largely chart driven gains. The Aussie also finds support versus the Euro from higher Australian equities and steady oil prices which boosted overall investor sentiments.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4546 (Today’s High) levels, above which gains could be extended to 1.46 levels. On the flip side, support is seen at 1.4492 levels, from here it to 1.4419 levels.
Currently, the EUR/AUD cross trades at 1.4501 levels, down -0.14% on the day, having posted a fresh six-week low at 1.4492 levels an hour ago. The EUR/AUD cross remains pressured as the Aussie extends its upward trajectory against the US dollar on largely chart driven gains. The Aussie also finds support versus the Euro from higher Australian equities and steady oil prices which boosted overall investor sentiments.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4546 (Today’s High) levels, above which gains could be extended to 1.46 levels. On the flip side, support is seen at 1.4492 levels, from here it to 1.4419 levels.