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19 Dec 2013
EUR/AUD fails to hold above 1.5500
FXstreet.com (Córdoba) - The EUR/AUD has been unable to move away from the 1.5540 – 1.5570 area. Hours ago traded above 1.5500 but it failed to hold and retreated. At the moment of writing trades at 1.5545, down 0.21% for the day.
Fresh highs since February 2010 for the EUR/AUD
During Wednesday's American session the pair tested levels above 1.5500 and after Fed's decision to taper jumped to 1.5575 hitting the strongest level in three and a half years. But after peaking it retreated quickly, back below 1.5500 as the Euro weakened across the board.
Technical levels
The pair trades near Wednesday's lows located at 1.5420; below the next support comes at 1.5330 and 1.5305 (December 3rd low). A return above 1.5500 could bring momentum back to the Euro. Resistance levels could be located at 1.5515, 1.5575 (December 17th high), 1.5600 and 1.5640.
Fresh highs since February 2010 for the EUR/AUD
During Wednesday's American session the pair tested levels above 1.5500 and after Fed's decision to taper jumped to 1.5575 hitting the strongest level in three and a half years. But after peaking it retreated quickly, back below 1.5500 as the Euro weakened across the board.
Technical levels
The pair trades near Wednesday's lows located at 1.5420; below the next support comes at 1.5330 and 1.5305 (December 3rd low). A return above 1.5500 could bring momentum back to the Euro. Resistance levels could be located at 1.5515, 1.5575 (December 17th high), 1.5600 and 1.5640.