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EUR/AUD capped after huge overnight gains

FXStreet (Guatemala) - EUR/AUD is trading at 1.4435, down -0.06% on the day, having posted a daily high at 1.4472 and low at 1.4428.

EUR/AUD has been rejected from the highs at the top of the rally when the pair slid from 1.4471 to 1.4428 and now turns to recover towards the middle of the move. On the European session, the cross moved up from the middle of the 1.42 handle with EUR/USD rising and AUD/USD falling back towards the 0.86 psychological level and the pair rallied in style throughout the sessions through to the US, easing into a sideways drift to leave its mark into Asia at current levels.

EUR/AUD noteworthy levels

Current price is 1.4436, with resistance ahead at 1.4446 (Daily Open), 1.4453 (Hourly 100 SMA) and 1.4486 (Daily Classic R1). Next support to the downside can be found at 1.4428, 1.4401 (Hourly 20 EMA), 1.4393 (Daily 20 SMA), 1.4391 (Weekly Classic PP) and 1.4377 (Hourly 200 SMA).

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