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EUR/AUD testing the upside at key resistance

FXStreet (Barcelona) - EUR/AUD is trading at 1.4390, down -0.09% on the day, having posted a daily high at 1.4469 and low at 1.4382.

EUR/AUD has made a valiant effort despite a bid greenback vs the Australian dollar and a trodden on euro after Draghi delivered a dovish tone at the IMF/World Bank Meetings in Washington DC saying, “We are ready to alter size and/or composition of unconventional interventions as required“. The pair is approaching the key resistance at 1.4480 having reclaimed the handle again overnight. We have been given some good jobs numbers again from the US today also and the market has scooped up the greenback at the end of a volatile week.

EUR/USD noteworthy levels

Current price is 1.4471, with resistance ahead at 1.4486 (Daily Classic R1) and 1.4561 (Weekly Classic R1). Next support to the downside can be found at 1.4454 (Weekly Classic PP), 1.4448 and 1.4427 (Hourly 200 SMA).

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