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EUR/AUD consolidates ahead of key handle

FXStreet (Barcelona) - EUR/AUD is trading at 1.4540, up 0.02% on the day, having posted a daily high at 1.4561 and low at 1.4534.

EUR/AUD is consolidating the surge higher when the pair moved from the middle of the handle post a double bounce. Meanwhile, RBA's Debelle has explained that the Australian dollar is still high vs fundamentals. The assistant Governor of the central bank is speaking at Citi’s 6th Annual Australian and New Zealand Investment Conference in Sydney. The resistance here has been set since June this year and a move onto the 1.46 handle would be significant.

EUR/AUD noteworthy levels

Current price is 1.4541, with resistance ahead at 1.4545 1.4561 (Daily High), 1.4579 (Daily Classic R1) and 1.4618 (Daily Classic R2). Next support to the downside can be found at 1.4540 (Weekly High), 1.4534, 1.4513 (Daily Classic PP) and 1.4500 (Hourly 20 EMA).

RBA's Debelle: Aussie still high vs fundamentals

Guy Debelle, Assistant Governor (Financial Markets) at the RBA, is speaking at Citi’s 6th Annual Australian and New Zealand Investment Conference in Sydney, noting that Australian dollar still high vs fundamentals, Reuters reports.
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