Published at 04:56 (GMT) 25 Mar
25 Mar EUR/AUD Daily
04::48 GMT - Intraday trade tight in consolidation and need to push below 1.3812 to garner stronger momentum towards the strong support at 1.3716. On the upside, lifting above 1.3964 hurdle will fade downside pressure and inspire gain towards recent high of 1.4072. [W.T]
R5: 1.4192 5 Mar high
R4: 1.4141 * 10 Mar high
R3: 1.4072 * 18 Mar high
R2: 1.4011 20 Mar high
R1: 1.3964 23 Mar high
S1: 1.3812 17 Mar low
S2: 1.3775 intraday level
S3: 1.3716 * 50% of 1.1600-1.5832 up-leg
S4: 1.3592 31 May/4 Jun 2013 highs
S5: 1.3546 5 Jun 2013 low
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.