1 Jul 2013
EUR/AUD hovering above 1.4200
FXstreet.com (Barcelona) - With all major data coming out of China already published for the Asia-Pacific session, EUR/AUD cross is last trading at 1.4205 off fresh session lows at 1.4189, printed on the back of Aussie strength, that has posted session highs above 0.9175 USD following better than expected China PMI's.
Still higher year to date
The cross is still up 11.9% year to date, and +15.75% higher in last 3 months, despite being now in the negative for the week so far, following an early 1-week high at 1.4289 printed in the interbank pre-market. The RBA will be meeting tomorrow, while the ECB will do so on Thursday, with the US markets closed for holiday.
Key technical levels
Immediate support to the downside for EUR/AUD lies at recent session/June 21 lows 1.4190, followed by June 24 lows at 1.4165, and Friday's Asian session highs at 1.4157. To the upside, closest resistance shows at June 25 highs 1.4253, followed by mentioned recent session highs at 1.4289, and June 24 highs at 1.4318.
Still higher year to date
The cross is still up 11.9% year to date, and +15.75% higher in last 3 months, despite being now in the negative for the week so far, following an early 1-week high at 1.4289 printed in the interbank pre-market. The RBA will be meeting tomorrow, while the ECB will do so on Thursday, with the US markets closed for holiday.
Key technical levels
Immediate support to the downside for EUR/AUD lies at recent session/June 21 lows 1.4190, followed by June 24 lows at 1.4165, and Friday's Asian session highs at 1.4157. To the upside, closest resistance shows at June 25 highs 1.4253, followed by mentioned recent session highs at 1.4289, and June 24 highs at 1.4318.