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2 Aug 2013
EUR/AUD testing the 1.4800 level
FXstreet.com (New York) - The EUR/AUD technical pair has crept out of the depths at 1.4766 (session low) during Asian trading Friday, paring its losses and returning to the 1.4800 region.
EUR/AUD technical levels
The EUR/AUD is now trading at 1.4799 (55-day MA), suffering a marginal decline of -0.01% off its opening. At this juncture the pair will face calculated support at 1.4764 (200-day SMA), ahead of 1.4725 (August 1 low). Conversely, a rise in the EUR/AUD will initiate resistances at 1.4841 (July 31 high), onto 1.4886 (August 1 high).
EUR/AUD event risk
The datawires are fairly scant this morning, save for the release of PPI figures in Australia at 1:30 GMT. Later today, the EMU is also slated to report PPI data, albeit at 9:00 GMT. Ultimately however, the main event of the day will be the Nonfarm Payroll data (July) in the United States, which will draw the collective focus of investors.
EUR/AUD technical levels
The EUR/AUD is now trading at 1.4799 (55-day MA), suffering a marginal decline of -0.01% off its opening. At this juncture the pair will face calculated support at 1.4764 (200-day SMA), ahead of 1.4725 (August 1 low). Conversely, a rise in the EUR/AUD will initiate resistances at 1.4841 (July 31 high), onto 1.4886 (August 1 high).
EUR/AUD event risk
The datawires are fairly scant this morning, save for the release of PPI figures in Australia at 1:30 GMT. Later today, the EMU is also slated to report PPI data, albeit at 9:00 GMT. Ultimately however, the main event of the day will be the Nonfarm Payroll data (July) in the United States, which will draw the collective focus of investors.