Back
2 Aug 2013
EUR/AUD maintains 3-year highs despite losses
FXstreet.com (Chicago) - EUR/AUD maintained a 3-yr high on the back of a 'not surprisngly' dovish ECB, which left rates unchanged at 0.5% record lows.
On outlook for producer price index data to be released Friday at 1:30 GMT, the euro maintains gains despite small retracement this past hour.
Trading at 1.4790 at moment of writing, the price oscillates between supports at 1.4772 (intraday lows), 1.4710 (July 30 highs), and 1.4657 July 31 lows) and resistances at 1.4844 (May 16 2010 highs), 1.4909 (Mar 21 2010 highs) and 1.4975 (July 11 2010 highs).
The FXstreet trend index reported pair as slightly bullish on one-hour timeframe analysis as CCI pointed up despite small 0.02% gains pocketed throughout the journey.
On outlook for producer price index data to be released Friday at 1:30 GMT, the euro maintains gains despite small retracement this past hour.
Trading at 1.4790 at moment of writing, the price oscillates between supports at 1.4772 (intraday lows), 1.4710 (July 30 highs), and 1.4657 July 31 lows) and resistances at 1.4844 (May 16 2010 highs), 1.4909 (Mar 21 2010 highs) and 1.4975 (July 11 2010 highs).
The FXstreet trend index reported pair as slightly bullish on one-hour timeframe analysis as CCI pointed up despite small 0.02% gains pocketed throughout the journey.