Today's Daily Forex Trend Report Focuses on the 9-month high of EUR/AUD
What's Trending: EUR/AUD trades at 1.531 levels, up 0.70% on the day.
+ Headline: The single currency (Euro) advanced strongly against
the Australian dollar after better data was released from the Euro zone
yesterday that supported the Euro.
Currently,
the EUR/AUD trades at 1.531 levels, up 0.70% on the day. Since the
start of December, the pair has risen from 1.46130 to today's high.
EUR/AUD pair has gained largely due to sharp losses in the AUD/USD pair,
which took the pair down to lowest levels since May 2010. The Euro is
expected to remain supported against the Australian dollar due to no
major economic releases during the European session.
Projection after Analysis: The pair has immediate resistance at
1.54 levels, above which gains could be extended to 1.5491 (Feb 2014)
levels. Support is seen at 1.5243 (10-day SMA), below which it could
extend losses to 1.5223.
Click here to read more Daily Forex Trend Reports
Yadix a leading ECN/STP financial markets broker and provides direct to market order execution to 14 + liquidity providers with precision and lightening speeds, as such, Yadix welcomes all traders and strategies including expert advisors, Day Traders, Scalping and HFT strategies.
No comments:
Post a Comment