FX News

AUD/EURO Transfer

The Australian Dollar (AUD) traded into Tuesday to 0.6120 (1.6335), just below the weekly open, the Euro enjoying the weaker sentiment and mixed Chinese CPI data pulling on the AUD. Markets await Australian jobs data tomorrow expected to show a slight rise to 3.9% from 3.8% based on a range of economic indicators reflecting an economy easing and a deterioration of the job’s market. The number of job’s adds in Australia has fallen sharply down to 2021 levels as the demand from employers drops. A retest of 0.6105 (1.6380) looks likely.

Current Level: 0.6118
Resistance: 0.6180
Support: 0.6105
Last Weeks Range: 0.6104- 0.6165

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