25 Oct 2013
EUR/AUD, liking the 1.4270 altitudes
FXstreet.com (Chicago) - EUR/AUD prints higher lows and highs displaying a strong resistance on 1HR charts ahead of European data later in the day.
EUR/AUD Technical Levels
Technically speaking, the pair seems to be erasing some gains partially after retracing from session highs at 1.4390. The pair pulled off a bounce from 23.6% Fibonacci level taking as origins October 23rd lows. So far, the pair accumulated 0.25% in weekly gains ahead of European data later on.
At 1.4370, the pair navigates between supports aligned at 1.4336 (October 23rd highs), 1.43 (October 7th lows) ahead of 1.4270 (October 11th lows) and the resistances set at 1.4380 (October 11th highs), 1.4413 (October 24th highs) followed by 1.4466 (October 4th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis above the EMA20.
EUR/AUD Technical Levels
Technically speaking, the pair seems to be erasing some gains partially after retracing from session highs at 1.4390. The pair pulled off a bounce from 23.6% Fibonacci level taking as origins October 23rd lows. So far, the pair accumulated 0.25% in weekly gains ahead of European data later on.
At 1.4370, the pair navigates between supports aligned at 1.4336 (October 23rd highs), 1.43 (October 7th lows) ahead of 1.4270 (October 11th lows) and the resistances set at 1.4380 (October 11th highs), 1.4413 (October 24th highs) followed by 1.4466 (October 4th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis above the EMA20.