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EUR/AUD down 0.6% at 5-month lows

By FXstreet.com,  July 04, 2012, 02:45:00 PM EDT

FXstreet.com (San Francisco) - The Australian dollar gained further ground against the euro on Wednesday, fueled by broader euro weakness which appears to be exacerbated due to thin liquidity in FX as the United States celebrates Independence Day. EUR/AUD is trading just off recent 5-month lows in the 1.2190 area after falling as low as 1.2168, recording a 0.6% loss on the day. Support lies at 1.2146 (16 Feb low), while resistance lies at 1.2225 (17 Jan low).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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