Filed Under:
Forex pairs in this Article » AUD/USD, EUR/AUD, EUR/USD (Barcelona) - Lack of progress on US "fiscal cliff" thru the weekend, coupled with better HSBC PMI China figures in 18 months, have sent AUDUSD to the upside at the same time than EURUSD to the downside, thus making EURAUD print session lows, last around 1.27 figure.

The cross is lower -0.28% for the week so far, still holding above previous Dec highs, off session highs at 1.2755. Despite printing record lows around 1.16 late July/early Aug this year, EURAUD manages to close 2012 with +0.39% gains year to date, and highs around 1.3030 by mid May.

Immediate resistance to the upside for EURAUD shows at recent session highs at 1.2755, followed by Wednesday/Friday's highs at 1.2781, and Thursday's highs at 1.2808. To the downside, closest support lies at Friday's lows 1.2675, followed by Dec 24 lows at 1.2657, and Dec 20 lows at 1.2586.
comments powered by Disqus