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EUR/AUD testing higher grounds on 1.44 handle

FXStreet (Guatemala) - EUR/AUD is trading at 1.4404, up 0.21% on the day, having posted a daily high at 1.4451 and low at 1.4356.

EUR/AUD has been a choppy affair around the recent releases from Australia that took the pair to test the mid point of the 1.44 handle but quickly retraced on supply. The cross now currently oscillates at last weeks highs here. The data came in mixed with retail sales coming in at 1.2% vs just 0.4% expected while Australian September employment was revised to -23.7k, from -29.7k and the same months unemployment rate that was revised to 6.2 pct vs 6.1 pct. The trade balance came in soft and we now await the RBA.

EUR/AUD noteworthy levels

Spot is presently trading at 1.4404, and next resistance can be seen at 1.4406 (Daily 20 SMA), 1.4416 (Daily Classic R1), 1.4427, 1.4451 (Daily High) and 1.4459 (Daily Classic R2). Support below can be found at 1.4386 (Yesterday's High), 1.4384 (Weekly Classic R1), 1.4374 (Daily Open), 1.4371 (Hourly 200 SMA) and 1.4370 (Daily 100 SMA).

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