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18 Sep 2013
EUR/AUD trapped inside a tight range above 1.4250
FXstreet.com (Barcelona) - The EUR/AUD foreign exchange cross rate is last trading at 1.4279 down -0.69% for the week so far, unchanged since early NY trading ahead of minor Australian data starting 00:00 GMT.
EUR/AUD bullish while weekly close above 1.43
According to IFRMarkets analyst Richard Sexton the EUR/AUD cross would “stay bullish while weekly closes hold above 1.43.” For any upside, “Long term 38.2% fib at 1.525 may be target,” Sexton added. “Weekly close below 1.43 would suggest pullback to 200 wk MA at 1.352.”
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at recent session lows 1.4265, followed by NY session/daily lows at 1.4257, and Monday's weekly lows at 1.4219. To the upside, closest resistance shows at Sept 11 highs 1.4301, followed by Friday's lows at 1.4318, and yesterday's highs at 1.4357.
EUR/AUD bullish while weekly close above 1.43
According to IFRMarkets analyst Richard Sexton the EUR/AUD cross would “stay bullish while weekly closes hold above 1.43.” For any upside, “Long term 38.2% fib at 1.525 may be target,” Sexton added. “Weekly close below 1.43 would suggest pullback to 200 wk MA at 1.352.”
EUR/AUD key technical levels
Immediate support to the downside for EUR/AUD lies at recent session lows 1.4265, followed by NY session/daily lows at 1.4257, and Monday's weekly lows at 1.4219. To the upside, closest resistance shows at Sept 11 highs 1.4301, followed by Friday's lows at 1.4318, and yesterday's highs at 1.4357.