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14 Jan 2015
EUR/AUD trims gains, back below 1.45 handle
FXStreet (Mumbai) - The single currency remained elevated versus the Australian dollar in the European session, however, erased partial gains from the previous session on persistent Euro weakness.
Currently, the EUR/AUD cross trades at 1.4452 levels, up 0.24% on the day, retreating from fresh four-day high at 1.4612 levels in the Asian session. The EUR/AUD trimmed gains as the prospects of more aggressive monetary policy stimulus are weighing on the performance of the 19-nation bloc currency, dragging it down against most of its major peers. EUR/USD now trades close to fresh nine year lows of 1.1727 levels, down -0.26%, while the AUD/USD snapped partial losses and trades at 0.8126, down -0.50% on the day.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4664 (Jan 8 High) levels, above which gains could be extended to 1.4687 (Nov 28 High) levels. On the flip side, support is seen at 1.4399 levels, from here it to 1.4360 levels.
Currently, the EUR/AUD cross trades at 1.4452 levels, up 0.24% on the day, retreating from fresh four-day high at 1.4612 levels in the Asian session. The EUR/AUD trimmed gains as the prospects of more aggressive monetary policy stimulus are weighing on the performance of the 19-nation bloc currency, dragging it down against most of its major peers. EUR/USD now trades close to fresh nine year lows of 1.1727 levels, down -0.26%, while the AUD/USD snapped partial losses and trades at 0.8126, down -0.50% on the day.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4664 (Jan 8 High) levels, above which gains could be extended to 1.4687 (Nov 28 High) levels. On the flip side, support is seen at 1.4399 levels, from here it to 1.4360 levels.