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14 Jan 2015
EUR/AUD jumps above 1%, copper dominates
FXStreet (Mumbai) - The single currency reversed previous losses and climbed higher against the Australian dollar, as the Aussie extends losses versus the greenback amid a massive sell-off across the board.
Currently, the EUR/AUD cross trades at 1.4583 levels, up 1.14% on the day, having posted a fresh four-day high at 1.4612 levels some minutes ago. The EUR/AUD rallied largely on Aussie weakness on falling commodities prices as copper dropped more than 5% so far. The AUD/USD pair trades lower by -0.96% at 0.8088, while EUR/USD trades moderately higher by 0.6% at 1.1793 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4664 (Jan 8 High) levels, above which gains could be extended to 1.4687 (Nov 28 High) levels. On the flip side, support is seen at 1.4515 levels, from here it to 1.4450 levels.
Currently, the EUR/AUD cross trades at 1.4583 levels, up 1.14% on the day, having posted a fresh four-day high at 1.4612 levels some minutes ago. The EUR/AUD rallied largely on Aussie weakness on falling commodities prices as copper dropped more than 5% so far. The AUD/USD pair trades lower by -0.96% at 0.8088, while EUR/USD trades moderately higher by 0.6% at 1.1793 levels, at time of writing.
EUR/AUD Technical Levels
The pair has an immediate resistance at 1.4664 (Jan 8 High) levels, above which gains could be extended to 1.4687 (Nov 28 High) levels. On the flip side, support is seen at 1.4515 levels, from here it to 1.4450 levels.