The recent weakness in the AUD has seen the cross-rate with the EUR fall steadily, from highs of around 0.6200 in early 2024, to current levels of 0.6050. Recent spikes in European inflation levels may lead to deferment of signalled rate cuts which would add further downward momentum to the cross with the AUD.
Current Level: 1.6666
Resistance: 1.6949
Support: 1.6129
Last Weeks Range: 1.6504- 1.6597