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19 Mar 2014
EUR/AUD ends below 1.5300
FXStreet (Córdoba) - The EUR/AUD fell for the second day in a row on Tuesday and finished below 1.5300, something that last happened March 7. Before Wall Street opening bottomed at 1.5210 and then bounced to finish around 1.5260. Early in Asia is moving to the downside approaching 1.5240.
Stronger Aussie weakness EUR/AUD
The Aussie was among the best performers on Tuesday, particularly during the second half of the day. While the AUD/USD jumped above 0.9100 to fresh weekly highs the EUR/USD was only able to erase daily losses.
The pair still hold bearish momentum as the AUD/USD tests yesterday’s highs in Asia. The short-term trend point to the downside with resistance levels coming at 1.5280 (American session high) and above here at 1.5330 and 1.5360 (hourly bearish trendline). To the downside support levels could be located at 1.5200/10 and 1.5150.
Stronger Aussie weakness EUR/AUD
The Aussie was among the best performers on Tuesday, particularly during the second half of the day. While the AUD/USD jumped above 0.9100 to fresh weekly highs the EUR/USD was only able to erase daily losses.
The pair still hold bearish momentum as the AUD/USD tests yesterday’s highs in Asia. The short-term trend point to the downside with resistance levels coming at 1.5280 (American session high) and above here at 1.5330 and 1.5360 (hourly bearish trendline). To the downside support levels could be located at 1.5200/10 and 1.5150.