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EUR/AUD stationed off the lows for the week

FXStreet (Guatemala) - EUR/AUD is trading at 1.4090, up 0.01% on the day, having posted a daily high at 1.4095 and low at 1.4084.

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. Meanwhile, daily RSI is in neutral territory at 29.20. In relation to the EUR, the ECB is approaching and no change for now has been expected although the single currency may well see some reaction on a weak August Eurozone CPI reading due tomorrow expected at just 0.3% year on year. Meanwhile, we are also awaiting the outcome of the RBA next week; Again it is unlikely that we will see any change of course there for the time being.

EUR/AUD hourly levels

With spot trading at 1.4092, we can see next resistance ahead at 1.4128 (Daily Classic PP) and 1.4146 (Weekly Classic S1). Support below can be found at 1.4084, 1.4065 (This week’s low).

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