EUR/AUD stepping back onto 1.44 handle

FXStreet (Guatemala) - EUR/AUD is trading at 1.4415, up 0.02% on the day, having posted a daily high at 1.4421 and low at 1.4409.

With the rhetoric from the ECB and confirmation of their policy, the euro is lower and the pair has dropped back from the highs of yesterday’s business when the Australian unemployment numbers disappointed. The pair has still managed to reclaim the 1.44 handle and the hourly FXStreet OB/OS Index is now showing neutral conditions, alongside the FXStreet Trend Index which is neutral. At the time of writing, RSI is neutral at 57.09, down from 57.67 at the last hour close, while ADX is ranging at 17.47, up from 13.89 previous. Meanwhile, daily RSI is in neutral territory at 40.23. We now await the outcome of the RBA’s monetary policy statement.

EUR/AUD Levels

With spot trading at 1.4416, we can see next resistance ahead at 1.4437 (Daily Classic R2), 1.4449 (Yesterday's High) and 1.4487 (Daily Classic R3). Support below can be found at 1.4415 (Daily Open), 1.4409 (Daily Low), 1.4401 (Hourly 20 EMA), 1.4383 (Daily 20 SMA) and (Hourly 100 SMA).