Last week’s ECB hike still has the Euro in the driver’s seat pushing to 0.5965 (1.6760) at the close of the week against the Australian Dollar. (AUD). Monday’s action has the Aussie still on the backfoot as we head into the week with price clocking 0.5965 (1.6770) a 15-week low. It’s a light week of data which could see the pair bounce around in familiar ranges.
Current Level: 1.6742
Resistance: 1.6765
Support: 1.6260
Last Weeks Range: 1.6338 – 1.6765