8 Jul 2014
EUR/AUD dropping down to test 1.4480
FXStreet (Guatemala) - EUR/AUD is trading at 1.4493, down -0.14% on the day, having posted a daily high at 1.4530 and low at 1.4482.
The EUR/AUD dropped out of the sideways channel and has broken down through the 1.45 handle and tested support on 1.4480 on the release of the business confidence data from Australia. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 20.10, down from 41.52. Meanwhile, daily RSI is in neutral territory at 48.48. On the hourly EUR/AUD chart, the 200 SMA is climbing and currently at 1.4526, up from the previous hour close at 1.4498.
EUR/AUD Levels
Current price is 1.4494, with resistance ahead at 1.4498 (Hourly 200 SMA), 1.4500 (Daily Classic S1), 1.4505 (Yesterday's Low), 1.4505 (Weekly Classic PP) and 1.4509 (Hourly 100 SMA). Next support to the downside can be found at 1.4484 (Daily Classic S2), 1.4482 (Daily Low), 1.4464 (Daily Classic S3), 1.4408 (Weekly Classic S1) and 1.4403 (Weekly Low).
The EUR/AUD dropped out of the sideways channel and has broken down through the 1.45 handle and tested support on 1.4480 on the release of the business confidence data from Australia. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 20.10, down from 41.52. Meanwhile, daily RSI is in neutral territory at 48.48. On the hourly EUR/AUD chart, the 200 SMA is climbing and currently at 1.4526, up from the previous hour close at 1.4498.
EUR/AUD Levels
Current price is 1.4494, with resistance ahead at 1.4498 (Hourly 200 SMA), 1.4500 (Daily Classic S1), 1.4505 (Yesterday's Low), 1.4505 (Weekly Classic PP) and 1.4509 (Hourly 100 SMA). Next support to the downside can be found at 1.4484 (Daily Classic S2), 1.4482 (Daily Low), 1.4464 (Daily Classic S3), 1.4408 (Weekly Classic S1) and 1.4403 (Weekly Low).