Home EUR/AUD Technical Analysis: 1.5800 and 1.5785 challenge sellers ahead of Australian jobs report
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EUR/AUD Technical Analysis: 1.5800 and 1.5785 challenge sellers ahead of Australian jobs report

  • EUR/AUD trades little changed around 1.5825 during the initial hours of Asian trading on Thursday.
  • January month Australian jobs report, to be released on 00:30 GMT, will become immediate focus of the pair traders.
  • Nearly three-week-old descending trend-line portrays the pair’s gradual declines since early-month.
  • However, horizontal-line connecting lows marked on Friday and Monday, followed by late highs of February 05, could offer immediate support to the pair around 1.5800 and then near 1.5785.
  • In case prices refrain to respect 1.5785 support, 1.5740 and 1.5725 are likely following numbers to gain market attention.
  • On the contrary, 1.5865 could restrict the pair’s immediate upside ahead of highlighting the 1.5885 trend-line resistance.
  • Should the quote rallies past-1.5885 then 1.5920 and 1.5970 can offer intermediate halts during the upward trajectory to 1.6000 round-figure.

EUR/AUD hourly chart

Additional important levels:

Overview:
       Today Last Price:  1.5831
       Today Daily change: 5  pips
       Today Daily change %:  0.03%
       Today Daily Open:  1.5826
Trends:
       Daily SMA20:  1.5892
       Daily SMA50:  1.5965
       Daily SMA100:  1.5924
       Daily SMA200:  1.5856
Levels:
       Previous Daily High:  1.5919
       Previous Daily Low:  1.5815
       Previous Weekly High:  1.6
       Previous Weekly Low:  1.5803
       Previous Monthly High:  1.6914
       Previous Monthly Low:  1.5721
       Daily Fibonacci 38.2%:  1.5855
       Daily Fibonacci 61.8%:  1.5879
       Daily Pivot Point S1:  1.5788
       Daily Pivot Point S2:  1.5749
       Daily Pivot Point S3:  1.5684
       Daily Pivot Point R1:  1.5892
       Daily Pivot Point R2:  1.5957
       Daily Pivot Point R3:  1.5996

 

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