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9 Dec 2014
EUR/AUD climbs back into positive territory on 1.49 handle
FXStreet (Guatemala) - EUR/AUD is trading at 1.4921, up 0.08% on the day, having posted a daily high at 1.4929 and low at 1.4907.
EUR/AUD has been relatively choppy throughout European but a steady climb in US markets. The theme has been very much driven by risk aversion through the greenback and on stock market performances while China continues to play out as a possible threat to the Aussie amid growth concerns.
The pair has been pulling back vs yesterdays business up through the 1.49 handle where the highs met supply taking the cross down to challenge 1.4900 which eventually was taken out but only as far as a cent lower from the highs before the bulls were able to climb back above 1.4920. Beyond here, we have the 1.4932 (Daily Classic R2), 1.4968 (Weekly Classic R2), 1.4974 (Yesterday's High) and 1.5001 (Daily Classic R3).
EUR/AUD has been relatively choppy throughout European but a steady climb in US markets. The theme has been very much driven by risk aversion through the greenback and on stock market performances while China continues to play out as a possible threat to the Aussie amid growth concerns.
The pair has been pulling back vs yesterdays business up through the 1.49 handle where the highs met supply taking the cross down to challenge 1.4900 which eventually was taken out but only as far as a cent lower from the highs before the bulls were able to climb back above 1.4920. Beyond here, we have the 1.4932 (Daily Classic R2), 1.4968 (Weekly Classic R2), 1.4974 (Yesterday's High) and 1.5001 (Daily Classic R3).