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20 Mar 2014
EUR/AUD testing 1.5300
FXStreet (Córdoba) - The EUR/AUD holds some bullish momentum early in Asia and trades around 1.5300. During yesterday’s Asian session the pair rose from 1.5250 to 1.5290 and remained in ranges most of the day, until FED’s statement, when on the back of the AUD/USD decline, rose to 1.5322 but it was unable to hold.
The Euro finished slightly higher versus the Aussie on Wednesday trading at 1.5293, with a gain of 30 pips, recovering after plunging on Tuesday to 1.5210.
Short-term charts still favors the downside, as price remains below 1.5340/50. immediate support levels could be located at 1.5240 and below here at 1.5200 and 1.5150. To the upside resistance might lie at 1.5335 and above at 1.5370 (March 18 high) and 1.5420.
The Euro finished slightly higher versus the Aussie on Wednesday trading at 1.5293, with a gain of 30 pips, recovering after plunging on Tuesday to 1.5210.
Short-term charts still favors the downside, as price remains below 1.5340/50. immediate support levels could be located at 1.5240 and below here at 1.5200 and 1.5150. To the upside resistance might lie at 1.5335 and above at 1.5370 (March 18 high) and 1.5420.