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31 Dec 2014
EUR/AUD trades near 3-week lows
FXStreet (Mumbai) - The single currency edged down against the Australian dollar, having hit 3-week lows after the Aussie reached 12-day high against the US dollar, breaking above 0.82 handle.
The EUR/AUD pair now trades at 1.4830 levels, down -0.80% on the day, having posted 3-week low at 1.4806 levels earlier today. The EUR/AUD remains pressured largely due to the gains in the Australian dollar versus the US counterpart on rising commodities prices which pushed the greenback down. The AUD/USD pair is gaining now 0.87% on the day. While the EUR/USD pair traded flat, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4870 (Today’s High) levels, above which gains could be extended to 1.4903 (Dec 11 Low) levels. On the flip side, support is seen at 1.48 levels, from here it to 1.4742 (Dec 8 Low) levels.
The EUR/AUD pair now trades at 1.4830 levels, down -0.80% on the day, having posted 3-week low at 1.4806 levels earlier today. The EUR/AUD remains pressured largely due to the gains in the Australian dollar versus the US counterpart on rising commodities prices which pushed the greenback down. The AUD/USD pair is gaining now 0.87% on the day. While the EUR/USD pair traded flat, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4870 (Today’s High) levels, above which gains could be extended to 1.4903 (Dec 11 Low) levels. On the flip side, support is seen at 1.48 levels, from here it to 1.4742 (Dec 8 Low) levels.