FX News

AUD/EUR Transfer:

The Australian Dollar (AUD), Euro (EUR) traded to pivotal levels this morning reaching 0.6130 (1.6320) representing heavy resistance with the cross threatening this zone on several occasions this year. A break below (0.6120 (1.6350) could signal further downside for the Aussie. Central bank policy divergence with the ECB still considering further rate hikes on the 28th of July and beyond with inflation expected to be high until 2025 should bring further buying in the EUR.

Current Level: 1.6488 (0.6065)
Resistance: 0.6300 (1.6740)
Support: 0.5975 (1.5870)
Last Weeks Range: 0.6052-0.6161 (1.6230-1.6522)

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