The Euro (EUR) extended its bull run higher against the Australian Dollar (AUD) Monday reaching 1.7250 (0.5800) a fresh 2025 high. The Euro has easily been the best performing currency over the month of March with Germany poised to unleash 1T in spending on infrastructure and Defence a reversal on their usual conservatism. The cross sits just above long-term support at 0.5565 (1.7970) and may consolidate for a bit before possibly retesting this key area.
Current Level: 1.7277
Resistance: 1.8000
Support: 1.6800
Last Weeks Range: 1.6715- 1.7270