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22 Oct 2013
EUR/AUD bounces from lows below 1.4170
FXstreet.com (Chicago) – EUR/AUD pulled off a comeback but remained capped below the 1.4170 zone at the closing of the American trading session.
A light journey was lived today in terms of Euro-zone and Australian data releases with China publishing economic indexes facts on early Tuesday.
EUR/AUD Technical Levels
Technically speaking, the pair extends the downward channel that started last October 4th on double tops (September 25th highs). After bouncing off session lows, the pair stalls below the 1.4170 zone and now trades at 1.4162 oscillating between the supports aligned at 1.4123 (October 18th lows), 1.4030 (July 4th lows) ahead of 1.3930 (June 20th lows) and the resistances set at 1.4176 (October 18th highs), 1.4223 (October 17th highs) followed by 1.4270 (October 10th lows). The primary and secondary trends face down with a neutral EMA20 on 4HR charts.
A light journey was lived today in terms of Euro-zone and Australian data releases with China publishing economic indexes facts on early Tuesday.
EUR/AUD Technical Levels
Technically speaking, the pair extends the downward channel that started last October 4th on double tops (September 25th highs). After bouncing off session lows, the pair stalls below the 1.4170 zone and now trades at 1.4162 oscillating between the supports aligned at 1.4123 (October 18th lows), 1.4030 (July 4th lows) ahead of 1.3930 (June 20th lows) and the resistances set at 1.4176 (October 18th highs), 1.4223 (October 17th highs) followed by 1.4270 (October 10th lows). The primary and secondary trends face down with a neutral EMA20 on 4HR charts.