Back
12 Mar 2015
EUR/AUD: Weakness prevails testing non committed bulls
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.3870 at time of writing with a high of 1.3898 and a low of 1.3811.
The cross is recovering a tad from the support that the Aussie got from a non disastrous jobs report that actually came rather in line with expectations. The employment change came as +15.6 vs expected +15.0K and then prior -14.6K that was revised from -12.2K. The Full Time Employment Change was in at +10.3K and a way off the prior being -30.9K that was actually revised from -28.1K. The Part Time Employment Change came in at +5.3K against a previous +16.3K.
Meanwhile, we are riding the weakness of the euro in the initial stages of reactions in the market to the ECB's programme commencing this week and from here we are in the same familiar technical bearish trend with Sep 2014 lows ahead.
The cross is recovering a tad from the support that the Aussie got from a non disastrous jobs report that actually came rather in line with expectations. The employment change came as +15.6 vs expected +15.0K and then prior -14.6K that was revised from -12.2K. The Full Time Employment Change was in at +10.3K and a way off the prior being -30.9K that was actually revised from -28.1K. The Part Time Employment Change came in at +5.3K against a previous +16.3K.
Meanwhile, we are riding the weakness of the euro in the initial stages of reactions in the market to the ECB's programme commencing this week and from here we are in the same familiar technical bearish trend with Sep 2014 lows ahead.