SUBSCRIBE TO FEEDFXstreet.com (Córdoba) – EUR/AUD closed Wednesday around 1.4545, 1.02% above its opening price, boosted mainly for a weak CPI figure in Australia and risk aversion that followed disappointing US data.
The pair is settling right below 1.4550 at early Asian trade after reaching a weekly high at 1.4598 during the last NY session. EUR/AUD has dropped around 50 pips so far on Thursday but it seems to have found support at the 1.4525 area.
Currently the pair trades at 1.4540 with probable next resistance levels at 1.4570, 1.4600/10 and 1.4650, while supports could now be found around 1.4500, 1.4470 and 1.4440.
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