FX News

EURO/AUD Transfer

The Euro (EUR) climbed to 1.6495 (0.6062) overnight against the Australian Dollar (AUD) as risk mood deteriorated with the Fed meeting looming. The cross has bounced off fib 61.8% support and sits around the 50% fib zone of the high at 0.6135 (1.6300) and the low of 0.6020 (1.6615) suggesting subsequent moves could be towards 0.6085 (1.6430) today. With no further tier one data on the docket in the cross this week moves should be “risk” corresponding.

Current Level: 1.6469
Resistance: 1.6600
Support: 1.6150
Last Weeks Range: 1.6347- 1.6610

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