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8 Oct 2013
EUR/AUD succeeds on pullback above 1.44 front
FXstreet.com (Chicago) - EUR/AUD jumped back above the previously violated support around the 1.4390 zone ahead of Australian data and all Asian markets opening on second day of the week.
Earlier in Europe, the Sentix investor confidence results were released disappointing to settle at 6.1 vs. past 6.5 and expected 8.0. The GDP (QoQ) for the second quarter was 0.3% matching prior results. In Australia, the BAB’s business confidence results are expected at 00:30 GMT.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4407 on reversal attempt consolidating after fall below immediate support around the 1.4390 zone. After printing double-tops last week, the pair fell from the 1.45 zone and remains capped around the 1.4450 strong support (also September 18th highs). On the downside, supports are aligned at 1.4397 (September 20th highs), 1.4349 (September 19th highs) ahead of 1.4273 (September 23rd lows) with an upside printing resistances at 1.4549 (October 3rd highs) followed by 1.46 (August 17th lows) and 1.4663 (September 2nd lows).
Earlier in Europe, the Sentix investor confidence results were released disappointing to settle at 6.1 vs. past 6.5 and expected 8.0. The GDP (QoQ) for the second quarter was 0.3% matching prior results. In Australia, the BAB’s business confidence results are expected at 00:30 GMT.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4407 on reversal attempt consolidating after fall below immediate support around the 1.4390 zone. After printing double-tops last week, the pair fell from the 1.45 zone and remains capped around the 1.4450 strong support (also September 18th highs). On the downside, supports are aligned at 1.4397 (September 20th highs), 1.4349 (September 19th highs) ahead of 1.4273 (September 23rd lows) with an upside printing resistances at 1.4549 (October 3rd highs) followed by 1.46 (August 17th lows) and 1.4663 (September 2nd lows).