S&P 500
1649.60
-0.91 -0.06%
Dow Indu
15303.10
+8.60 +0.06%
Nasdaq
3458.89
-0.53 -0.02%
Crude Oil
94.15
-0.41 -0.44%
Gold
1386.35
-2.79 -0.20%
Euro
1.29274
+0.00015 +0.01%
US Dollar
83.640
-0.106 -0.14%
Weak

Market Commentary and Intraday News

Euro Trades Below 1.26 Against Australian Dollar

218 days ago

(RTTNews) - Extending its 2-day losing streak, the euro reached below the key 1.26 level against its Australian counterpart on Friday morning in Asia.

The common currency reached as low as 1.2597 against the Australian dollar, down 0.10 percent from Thursday's close of 1.2610.

A breakout is expected below bottom-line or above the top of a triangle formation in the higher-time frames with 1.27 seen as the resistance and 1.2590 seen as the probable support.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved


INO.com on Facebook INO.com MarketClub on Twitter INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.