AUD/EURO Transfer

ByDragana My Engine Lab

The Australian Dollar (AUD) has staged a recovery of sorts Monday after dropping in value over 2.0% last week against the Euro (EUR). Prices into Tuesday extended to 0.5650 (1.7700) as tensions in the Middle East look to have improved. A daily close through 0.5650 (1.7700) channel resistance could push the cross to retest 0.5715 (1.7500) levels in the coming days. On the radar is Australian Jobs numbers publishing Thursday, expectations are for a poor report for May and the unemployment rate rising above the current 4.1%.

Current Level: 0.5633
Resistance: 0.5770
Support: 0.5760
Last Weeks Range: 0.5592- 0.5726

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