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24 Dec 2014
Another Doji on the daily charts for EUR/AUD
FXStreet (Mumbai) - The EUR/AUD pair is on its way to witness a second consecutive Doji candle on its daily chart, as the pair hovers largely unchanged for the day.
The pair currently trades at 1.5040, compared to the previous session’s close of 1.5033. The pair has swung on both sides and is likely to settle largely unchanged for the day, similar to the moves witnessed on Tuesday, The gains were capped after a strong weekly jobless data in the US pushed the EUR/USD back below 1.22 levels, thereby erasing gains in the EUR/AUD cross. Meanwhile, the AUD/USD has inched marginally higher by 0.13%, which further capped gains in the EUR/AUD pair.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.5062 and 1.5082 (10-DMA). Meanwhile, support is seen at 1.4989 and 1.4978 levels.
The pair currently trades at 1.5040, compared to the previous session’s close of 1.5033. The pair has swung on both sides and is likely to settle largely unchanged for the day, similar to the moves witnessed on Tuesday, The gains were capped after a strong weekly jobless data in the US pushed the EUR/USD back below 1.22 levels, thereby erasing gains in the EUR/AUD cross. Meanwhile, the AUD/USD has inched marginally higher by 0.13%, which further capped gains in the EUR/AUD pair.
EUR/AUD Technical Levels
The immediate resistance is seen at 1.5062 and 1.5082 (10-DMA). Meanwhile, support is seen at 1.4989 and 1.4978 levels.