FX News

AUD/EUR Transfer:

The ECB remains firmly committed to their ongoing hawkish monetary policy, with the mantra, ‘higher for longer’. The Central Bank has some latitude, as their rates trade at a severe discount, to the UK and USA. PMI data in Europe has been extremely weak and reflects the recessionary economic conditions, as softer energy prices aid their economic recovery.

Current Level: 0.6083 (1.6440)
Resistance: 0.6170 (1.6210)
Support: 0.6025 (1.66)
Last Weeks Range: 0.6050-0.6140 (1.6530-1.6290)

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