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15 Jan 2015
EUR/AUD hits a new 7-month low, back below 1.44 handle
FXStreet (Mumbai) - The single currency resumed its losing streak versus the Australian dollar, after a brief reversal seen yesterday as the Aussie bulls jumped back in to the bids on recovering commodities prices.
Currently, the EUR/AUD cross trades at 1.4391 levels, down -0.52% on the day, having posted fresh seven-month low at 1.4326 levels earlier in the session. The EUR/AUD fell largely on the Aussie strength after stellar improvement in the Oz labour market boosted the Australian dollar versus the greenback. The AUD/USD trades at 0.8188, up 0.47% on the day. While, EUR/USD traded flat at 1.1785 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4459 (Nov 24 High) levels, above which gains could be extended to 1.45 levels. On the flip side, support is seen at 1.4360 (Jan 12 Low) levels, from here it to 1.4320 levels.
Currently, the EUR/AUD cross trades at 1.4391 levels, down -0.52% on the day, having posted fresh seven-month low at 1.4326 levels earlier in the session. The EUR/AUD fell largely on the Aussie strength after stellar improvement in the Oz labour market boosted the Australian dollar versus the greenback. The AUD/USD trades at 0.8188, up 0.47% on the day. While, EUR/USD traded flat at 1.1785 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4459 (Nov 24 High) levels, above which gains could be extended to 1.45 levels. On the flip side, support is seen at 1.4360 (Jan 12 Low) levels, from here it to 1.4320 levels.