EUR/AUD approaching 2014 highs

FXStreet (Córdoba) - The EUR/AUD is trading at three week highs above 1.5250, approaching 1.5300 where a key resistance is located. On Wednesday the pair jumped from 1.5010 to levels on top of 1.5200 and on Thursday pulled back to 1.5150 but bounced again to the upside climbing to fresh highs.

EUR/AUD accelerating, will it break 1.5300

In the last days the EUR/AUD accelerated to the upside approaching 1.5300 and is headed toward the third weekly gain in a row and about to post the highest close since December 2009.

To the upside, the area between 1.5295 and 1.5310 is the immediate resistance, followed by 1.5355 and 1.5390. To the downside, potential support levels lie at 1.5245 (February 20 high) and 1.5195 and 1.5150 (February 20 low).