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6 Jun 2013
EUR/AUD highest since Nov 2011 above 1.3750
FXstreet.com (Barcelona) - With Australian Trade balance in less than 2 hours time at 01:30 GMT, EUR/AUD is last at 1.3752, near double high at 1.3762 printed minutes ago in current session and late NY trade, highest since Nov 2011.
The cross is up +1.38% for the week so far on the back of continued Aussie weakness, while Euro is more stable against USD slightly below the 1.31 mark, ahead of later on ECB interest rate statement and press conference at 11:45 GMT and 12:30 GMT respectively. Currently at fresh session lows, AUD/USD is barely above the 0.95 figure, lowest since Oct 2011.
Immediate resistance to the upside for EUR/AUD shows at mentioned double 1.3763, followed by Nov 24 2011 highs at 1.3813, and June 09 2011 highs at 1.3844. To the downside, closest support lies at recent session lows 1.3705, followed by NY session lows at 1.3623, and Tuesday/Friday highs at 1.3593.
The cross is up +1.38% for the week so far on the back of continued Aussie weakness, while Euro is more stable against USD slightly below the 1.31 mark, ahead of later on ECB interest rate statement and press conference at 11:45 GMT and 12:30 GMT respectively. Currently at fresh session lows, AUD/USD is barely above the 0.95 figure, lowest since Oct 2011.
Immediate resistance to the upside for EUR/AUD shows at mentioned double 1.3763, followed by Nov 24 2011 highs at 1.3813, and June 09 2011 highs at 1.3844. To the downside, closest support lies at recent session lows 1.3705, followed by NY session lows at 1.3623, and Tuesday/Friday highs at 1.3593.