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14 Aug 2013
EUR/AUD flirting with 1.46 zone
FXstreet.com (Chicago) - EUR/AUD peaked to intraday highs at 1.4601 post Westpac consumer confidence data.
The Melbourne Institute published its Westpac Consumer Confidence analysis that largely outperformed previous -0.1% to settle for 3.5% for the month of August. Similarly, the consumer confidence index reached 105.7 vs. previous 102.1.
Price action indicates the pair retraced from daily highs to yet maintain three-year highs since the beginning of April’s upswing. The pair trades at 1.4591 between supports at 1.4578 (July 11th highs), 1.4531 (August 10th highs) ahead of 1.4459 (August 12th highs) and resistances at 1.4611 (July 30th lows), 1.4652 (July 30th highs) followed by 1.4694 (August 6th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with the pair navigating above EMA20
The Melbourne Institute published its Westpac Consumer Confidence analysis that largely outperformed previous -0.1% to settle for 3.5% for the month of August. Similarly, the consumer confidence index reached 105.7 vs. previous 102.1.
Price action indicates the pair retraced from daily highs to yet maintain three-year highs since the beginning of April’s upswing. The pair trades at 1.4591 between supports at 1.4578 (July 11th highs), 1.4531 (August 10th highs) ahead of 1.4459 (August 12th highs) and resistances at 1.4611 (July 30th lows), 1.4652 (July 30th highs) followed by 1.4694 (August 6th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with the pair navigating above EMA20