FX News

AUD/EURO Transfer

The Australian Dollar (AUD) reached 0.6250 (1.60) early Monday against the Euro (EUR) amid election uncertainty before pulling back to 0.6225 (1.6060) into Tuesday trading. French and German industrial production data slowed up the Euro before a bout of “risk off flow” kicked in affecting the AUD. Currently we are seeing a push higher from the AUD despite Australian consumer confidence falling to the second lowest result for the year falling 2.3 points on the week. France elections have delivered a hung parliament divided by 3 main parties and alliances to be struck.

Current Level: 0.6226
Resistance: 0.6250
Support: 0.6170
Last Weeks Range: 0.6182- 0.6230

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