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15 Nov 2013
EUR/AUD setting the bar higher; above 1.4440
FXstreet.com (Chicago) - EUR/AUD continues setting the bar higher aiming to retake the 1.4470 front reached yesterday and earlier in the week (double tops with November 12th highs).
Data due and recap
Earlier in Europe, the GDP (YoY) was -0.4% vs. expected -0.3% and past -0.5%. Consumer price indexes are expected later on Friday. The Chinese FDI due at 2 GMT may have some repercussions on the pair’s price action. On long-term charts, the pair is supported by primary and secondary trends that point up similarly to the intraday price action ahead of Tokyo’s opening.
EUR/AUD Technical Levels
Price action reveals the pair remains within yesterday’s boundaries after a short-lived roundtrip to two-week session highs. Technically speaking, the pair is offered at1.4447 and oscillates between the supports aligned at 1.4338 (November 11th highs), 1.4241 (October 16th highs) followed by 1.4176 (September 19th lows) and the resistances aligned at 1.4419 (October 25th highs), 1.4527 (October 30th highs) followed by 1.4622 (August 15th highs).
Data due and recap
Earlier in Europe, the GDP (YoY) was -0.4% vs. expected -0.3% and past -0.5%. Consumer price indexes are expected later on Friday. The Chinese FDI due at 2 GMT may have some repercussions on the pair’s price action. On long-term charts, the pair is supported by primary and secondary trends that point up similarly to the intraday price action ahead of Tokyo’s opening.
EUR/AUD Technical Levels
Price action reveals the pair remains within yesterday’s boundaries after a short-lived roundtrip to two-week session highs. Technically speaking, the pair is offered at1.4447 and oscillates between the supports aligned at 1.4338 (November 11th highs), 1.4241 (October 16th highs) followed by 1.4176 (September 19th lows) and the resistances aligned at 1.4419 (October 25th highs), 1.4527 (October 30th highs) followed by 1.4622 (August 15th highs).