EUR/AUD jumps above 1.4500

FXStreet (Córdoba) - EUR/AUD reversed sharply and rose from 1-month lows to 2-week highs, climbing above 1.4500. A weak aussie pushed the pair to the upside and recently printed a fresh daily high at 1.4550, reaching the strongest level since October 21.

The pair erased two week of losses in just a three days. Since the beginning of the week has risen more than 250 pips.

EUR/AUD technical levels

To the upside, immediate resistance could be located at 1.4595 (Oct 20 high) and above here at 1.4650/55 (Oct 17 high). On the opposite direction support might lie at 1.4445/50 (Oct 4 high) and below at 1.4390 and 1.4325 (daily low).