The Australian Dollar (AUD), Euro (EUR) cross hovers around the April 2017 high at 0.6915 (1.4460) this morning after a large run to the topside last week. Key big figure resistance and the physiological level of 0.7000 (1.4285) will be tough to conquer. However, if we see lower Australian employment data published tomorrow anything is possible. The Euro came under pressure to close out the week with energy crisis headlines seen as the driving force behind the weakness with French and German electricity prices reaching record highs. A heat wave across the European continent and gas remains issues in the region moving forward and could hinder EUR bidding.
Current Level: 0.6904 (1.4484)
Resistance: 0.7000 (1.5280)
Support: 0.6545 (1.4300)
Last Weeks Range: 0.6784-0.6946 (1.4396-1.4739)