16 Jan 2014
EUR/AUD jumps almost 200 pips after jobs data
FXstreet.com (Córdoba) - The EUR/AUD rocketed from 1.5275 to 1.5470 reaching the strongest level since January 2 after the release of weak economic data in Australia. The pair is now headed toward the third daily gain in a row, accumulating an increase of more than 400 pips from Monday's low.
According to the Australian Bureau of Statistics the employment fell on December by 22.600, surprising analysts that expected a gain of 10.000. The unemployment rate remained at 5,8% as expected.
Levels to watch for the EUR/AUD
To the upside, above 1.5470 resistance could be located at 1.5490 (January 2 high) and 1.5555 (December 30 high). To the downside support now lies at 1.5375 and below at 1.5325.
According to the Australian Bureau of Statistics the employment fell on December by 22.600, surprising analysts that expected a gain of 10.000. The unemployment rate remained at 5,8% as expected.
Levels to watch for the EUR/AUD
To the upside, above 1.5470 resistance could be located at 1.5490 (January 2 high) and 1.5555 (December 30 high). To the downside support now lies at 1.5375 and below at 1.5325.