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14 May 2015
EUR/AUD rebounds from 2-week lows
FXStreet (Córdoba) - The euro is headed for strong gains versus the aussie after falling sharply during the previous two days.
EUR/AUD reversal
The pair bottomed during the Asian session at 1.3910, the lowest level since April 30, but then reversed, rose quickly back above 1.3950 and jumped to 1.4140 on European hours. Afterwards retreated but found support above 1.4000 and currently trades at 1.4120, 130 pips above the level it closed yesterday.
The euro recoverer ground across the board on Thursday while the aussie was among the worst performers in the currency market. The EUR/AUD pair moved in a wide range of 230 pips, rising from weekly lows to 2-day highs in just a few hours.
EUR/AUD reversal
The pair bottomed during the Asian session at 1.3910, the lowest level since April 30, but then reversed, rose quickly back above 1.3950 and jumped to 1.4140 on European hours. Afterwards retreated but found support above 1.4000 and currently trades at 1.4120, 130 pips above the level it closed yesterday.
The euro recoverer ground across the board on Thursday while the aussie was among the worst performers in the currency market. The EUR/AUD pair moved in a wide range of 230 pips, rising from weekly lows to 2-day highs in just a few hours.