25 Jun 2013
EUR/AUD finding resistance below 1.4200
FXstreet.com (Barcelona) - The EUR/AUD is trading last at 1.4189 off recent triple weekly lows at 1.4122. The cross is mostly bouncing on the back of Aussie weakness, and finding resistance below Friday's and yesterday's Asia-Pacific session lows, capped below the 1.42 figure.
Aussie demand near 0.9150
The Aussie is being defended above the 0.9150 mark, FXWW founder Sean Lee says, as there seems to be a big option placed at that strike, and suspected to be protected by a Chinese name, the analyst commented. EUR/AUD is down -0.39% for the week so far, although still +11.7% higher year to date.
Key technical levels
Immediate resistance to the upside for EUR/AUD shows at recent session highs 1.4201, followed by Thursday's lows at 1.4262, and yesterday's weekly highs at 1.4315. To the downside, closest support lies at mentioned weekly lows 1.4120, followed by Wednesday's lows at 1.4000, and June 18 lows at 1.3954.
Aussie demand near 0.9150
The Aussie is being defended above the 0.9150 mark, FXWW founder Sean Lee says, as there seems to be a big option placed at that strike, and suspected to be protected by a Chinese name, the analyst commented. EUR/AUD is down -0.39% for the week so far, although still +11.7% higher year to date.
Key technical levels
Immediate resistance to the upside for EUR/AUD shows at recent session highs 1.4201, followed by Thursday's lows at 1.4262, and yesterday's weekly highs at 1.4315. To the downside, closest support lies at mentioned weekly lows 1.4120, followed by Wednesday's lows at 1.4000, and June 18 lows at 1.3954.