Back
15 Dec 2014
EUR/AUD halts 5-day winning streak
FXStreet (Mumbai) - The single currency is trading weak against the Aussie after posting gains for five consecutive sessions.
The EUR/AUD pair is trading 0.07% lower at 1.51 levels, after having declined from a high of 1.5190 levels. The Australian dollar fell to a fresh four-year low against the US dollar, down 0.12% for the day. Meanwhile, the EUR/USD pair weakened 0.18%, after the single currency failed to extend gains above a technical resistance.
The Aussie remained resilient against the single currency despite wider budget gap and higher unemployment forecasts were announced by the Australian government.
EUR/AUD Technical Resistance
The pair has an immediate support located at 1.5080, under which losses could be extended to 1.5046 (hourly 50-DMA). Meanwhile, resistance is located at 1.5113 (monthly 100-SMA) and 1.5190 levels.
The EUR/AUD pair is trading 0.07% lower at 1.51 levels, after having declined from a high of 1.5190 levels. The Australian dollar fell to a fresh four-year low against the US dollar, down 0.12% for the day. Meanwhile, the EUR/USD pair weakened 0.18%, after the single currency failed to extend gains above a technical resistance.
The Aussie remained resilient against the single currency despite wider budget gap and higher unemployment forecasts were announced by the Australian government.
EUR/AUD Technical Resistance
The pair has an immediate support located at 1.5080, under which losses could be extended to 1.5046 (hourly 50-DMA). Meanwhile, resistance is located at 1.5113 (monthly 100-SMA) and 1.5190 levels.