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AUD/EUR: Narrow Ranges Persist

AUD

AUD/EUR has observed narrow ranges in recent dealing with rallies capped above €0.63, and support below €0.6250.

  • The pair is consolidating gains seen early in the month and sits ~5% above April's cycle lows. We last print at €0.6270/75.
  • Bulls look to sustain a break of €0.63 which opens the 200-Day EMA (€0.6321). A break through here opens €0.6394 high from 27 February.
  • On the downside bears target the 20-day EMA (€0.6219).

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