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15 Jan 2015
EUR/AUD falls below 1.43 handle
FXStreet (Mumbai) - The EUR/AUD continues to extend losses, falling below 1.43 handle, after having started the southward journey post release of an upbeat Australian jobs data earlier today.
The pair clocked a low of 1.4296, before recovering slightly to 1.4302 levels; down 1.13% for the day. The Aussie was lifted after the official data showed the unemployment rate dipped to 6.1%, while the Australian economy added 37,400 jobs last month, beating the 5,000 expected. The upbeat data pushed the AUD/USD higher by 1%, while the EUR/USD pair continues to trade in red; down 0.17% for the day. Consequently, the EUR/AUD cross fell more than 1%.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.4363 (Jan. 12 low), above which gains could be extended to 1.4380-1.44 levels. Meanwhile, support is seen at 1.4290 and 1.4243 levels.
The pair clocked a low of 1.4296, before recovering slightly to 1.4302 levels; down 1.13% for the day. The Aussie was lifted after the official data showed the unemployment rate dipped to 6.1%, while the Australian economy added 37,400 jobs last month, beating the 5,000 expected. The upbeat data pushed the AUD/USD higher by 1%, while the EUR/USD pair continues to trade in red; down 0.17% for the day. Consequently, the EUR/AUD cross fell more than 1%.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.4363 (Jan. 12 low), above which gains could be extended to 1.4380-1.44 levels. Meanwhile, support is seen at 1.4290 and 1.4243 levels.