EUR/AUD posts fresh session highs

FXStreet (Mumbai) - The single currency erased previous losses against the Australian dollar and turned green in the European morning, as Euro regained lost territory versus the US dollar.

Currently, the EUR/AUD cross posts fresh daily highs at 1.4162 levels, 0.15% higher on the day, moving away from day’s low at 1.4068 posted earlier in the day. The EUR/AUD recovered as the Euro headed towards session high versus the greenback. Moreover, the Aussie gave back most of its upbeat consumer sentiment induced gains against the USD. The AUD/USD pair trades flat at 0.8173, while EUR/USD trades higher by 0.14% at 1.1569 levels, at time of writing.

EUR/AUD Technical Levels

The pair has an immediate resistance at 1.4194 levels, above which gains could be extended to 1.4240 levels. On the flip side, support is seen at 1.4068 levels, from here it to 1.4024 levels.

Is EUR/CHF 1.00 the new floor for SNB? – Rabobank

“We assume that the SNB has bought another CHF 10 billion to defend the peg“, quotes Emile Cardon of Rabobank, and further notes that SNB might try to stabilise the EUR/CHF pair at 1.00 levels.
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EUR/USD heads towards daily highs

EUR/USD inched higher during the European session, in yet another attempt to test 1.1600 levels after ECB Nowotny’s comments.
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