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6 Feb 2015
EUR/AUD falls further after disappointing German data
FXStreet (Mumbai) - The shared currency extended its slide versus the Australian dollar and holds losses as German industrial output expands at a slower pace.
Trades above 1.4600
Currently, the EUR/AUD cross trades at 1.4626 levels, losing -0.62% on the day, having previously posted day’s high at 1.4712 and day’s low at 1.4598 levels. The cross traded lower largely on Aussie strength which continues to ride higher after RBA’s statement on upbeat OZ economic releases.
The cross witnessed further losses as the single currency fell to fresh session lows versus the USD after German industrial sector data missed market forecasts.
At the moment, the AUD/USD pair trades at 0.7830, up 0.42% on the day. While EUR/USD trades lower by 0.21% at 1.1451 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4700 levels, above which gains could be extended to 1.4734 levels. On the flip side, support is seen at 1.4600 levels, from here it to 1.4559 levels.
Trades above 1.4600
Currently, the EUR/AUD cross trades at 1.4626 levels, losing -0.62% on the day, having previously posted day’s high at 1.4712 and day’s low at 1.4598 levels. The cross traded lower largely on Aussie strength which continues to ride higher after RBA’s statement on upbeat OZ economic releases.
The cross witnessed further losses as the single currency fell to fresh session lows versus the USD after German industrial sector data missed market forecasts.
At the moment, the AUD/USD pair trades at 0.7830, up 0.42% on the day. While EUR/USD trades lower by 0.21% at 1.1451 levels.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4700 levels, above which gains could be extended to 1.4734 levels. On the flip side, support is seen at 1.4600 levels, from here it to 1.4559 levels.