19 Jul 2013
EUR/AUD falls off 1.4300 level
FXstreet.com (New York) - The EUR/AUD technical cross has relinquished its grip on the 1.4300 level Friday morning, ceding pips across Asian trading and trading near its session lows (1.4277).
EUR/AUD event risk
There is little by way of the datawires that will dictate any staunch movements in the EUR/AUD Friday, with markets taking a collective breath after a two-day testimonial by Fed Chairman Ben Bernanke.
EUR/AUD technical bias
In these moments, the EUR/AUD is now operating at 1.4283, opening up a tepid loss of -0.06% off its opening Friday morning. After yesterday’s staunch performance, the pair is now trading at the 1.4285 support (July 17 high), ahead of 1.4255 (200-day SMA), and 1.4236 (July 12 low). Presently the linear regression indicators are slightly negative, with the MACD having recently crossed into negative territory.
EUR/AUD event risk
There is little by way of the datawires that will dictate any staunch movements in the EUR/AUD Friday, with markets taking a collective breath after a two-day testimonial by Fed Chairman Ben Bernanke.
EUR/AUD technical bias
In these moments, the EUR/AUD is now operating at 1.4283, opening up a tepid loss of -0.06% off its opening Friday morning. After yesterday’s staunch performance, the pair is now trading at the 1.4285 support (July 17 high), ahead of 1.4255 (200-day SMA), and 1.4236 (July 12 low). Presently the linear regression indicators are slightly negative, with the MACD having recently crossed into negative territory.