13 Feb 2014
EUR/AUD has paused after 200-pips rise
FXStreet (Moscow) -EUR/AUD is consolidating within a whisker of the resistance level spotted at 1.5220 after a rush to intraday high of 1.5239.
EUR/AUD has hit the roof
EUR/AUD briefly dipped below 1.5000 level only to find new buyers and return to the old range above 1.5020 yesterday. The single currency was a big looser across the board, but the drop was not that pronounced in EUR/AUD. The Aussie was consolidating gains and this kept the cross from deeper fall. Though those happy for Aussie days are gone now as the Australian labor market data for January came out like the bolt from the blue and smashed the Aussie lower across the board. EUR/AUD sky-rocketed nearly 200 points higher on those AUD negative sentiments. Now the cross has stalled at the resistance of 1.5220, should it be broken, the bulls will drive it to 1.5150 where the intraday upside is likely to be limited. There are no interesting events scheduled for European session, so watch for the general EUR dynamic when European traders join the game. The neared support comes at 1.5200 and followed by 1.5180.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5059, with the support at 1.4980, 1.4904 and 1.4825, with resistance above at 1.5135, 1.5214 and 1.5290. Hourly Moving Averages are bullish, with the 200SMA at 1.5206 and the daily 20EMA at 1.5292. Hourly RSI is neutral at 74.
EUR/AUD has hit the roof
EUR/AUD briefly dipped below 1.5000 level only to find new buyers and return to the old range above 1.5020 yesterday. The single currency was a big looser across the board, but the drop was not that pronounced in EUR/AUD. The Aussie was consolidating gains and this kept the cross from deeper fall. Though those happy for Aussie days are gone now as the Australian labor market data for January came out like the bolt from the blue and smashed the Aussie lower across the board. EUR/AUD sky-rocketed nearly 200 points higher on those AUD negative sentiments. Now the cross has stalled at the resistance of 1.5220, should it be broken, the bulls will drive it to 1.5150 where the intraday upside is likely to be limited. There are no interesting events scheduled for European session, so watch for the general EUR dynamic when European traders join the game. The neared support comes at 1.5200 and followed by 1.5180.
What are today’s key EUR/AUD levels?
Today's central pivot point can be found at 1.5059, with the support at 1.4980, 1.4904 and 1.4825, with resistance above at 1.5135, 1.5214 and 1.5290. Hourly Moving Averages are bullish, with the 200SMA at 1.5206 and the daily 20EMA at 1.5292. Hourly RSI is neutral at 74.