12 Jan 2015
EUR/AUD downside eyed in phase of consolidation
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4425, with a high of 1.4448 and a low of 1.4415 and down on the day 0.04% so far.
EUR/AUD remains consolidated having been a threat to the non committed bulls on the handle. Low's were recently made with a dip under the handle that was bought by the bulls but sets the bearish theme for the week.
Risk's associated with a Euro exit from Greece weigh on the EZ and bloc currency while analysts try to determine whether or not the threat is real and imminent or noise. Meanwhile, the Aussie in its own right is holding on, albeit against headwinds that see's it trade tentatively before major levels to the downside across its major counterparts, such as the Kiwi and greenback. A break below 1.44 opens up the previous downside risk and the low's set on 21st November at 1.4246 with 1.42 the figure as a key level ahead of May's downtrend to 1.3803.
EUR/AUD remains consolidated having been a threat to the non committed bulls on the handle. Low's were recently made with a dip under the handle that was bought by the bulls but sets the bearish theme for the week.
Risk's associated with a Euro exit from Greece weigh on the EZ and bloc currency while analysts try to determine whether or not the threat is real and imminent or noise. Meanwhile, the Aussie in its own right is holding on, albeit against headwinds that see's it trade tentatively before major levels to the downside across its major counterparts, such as the Kiwi and greenback. A break below 1.44 opens up the previous downside risk and the low's set on 21st November at 1.4246 with 1.42 the figure as a key level ahead of May's downtrend to 1.3803.