The Australian Dollar (AUD) held the 0.6155 (1.6250) level Monday after breaking through prior resistance at 0.6135 (1.6300) Friday after risk mood bought back buyers of AUD. At a fresh early January 2024 level, the AUD now targets the yearly open at 0.6185 (1.6170). Monday’s Eurozone PMI read came in higher printing at 53.3 vs 52.9 in April with European Retail Sales due later today with a rebound off March’s -0.5% decline to 0.6% expected.
Current Level: 0.6148
Resistance: 0.6190
Support: 0.6060
Last Weeks Range: 0.6062- 0.6161