The Australian Dollar continued its pullback off 0.5740 (1.7415) mid last week to reach 0.5850 (1.7100) this morning against the Euro (EUR) as risk markets improved. German conservative leader Merz confirmed the Green Party is set to back his enormous financial plans for infrastructure totalling 500B Euro. After winning the election last week Merz said it was a priority to strengthen Europe based on the fate of the Trump administration. Aussie jobs numbers print Thursday and should be benign with unemployment numbers to remain at 4.1%.
Current Level: 0.5843
Resistance: 0.5930
Support: 0.5765
Last Weeks Range: 0.5741- 0.5847