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AUD/EUR: Resistance Ahead Of €0.63 Handle

AUD

AUD/EUR faced resistance ahead of the €0.63 handle on Wednesday falling ~0.7% from peak to trough as risk-off flows weighed in the NY session.

  • The cross sits at €0.6150/55 this morning.
  • Bulls now look to break the €0.62 handle which opens €0.6310 (June 15 high) and €0.64 handle.
  • On the downside bears focus on the 200-Day EMA (€0.6116) and the 20-Day EMA (€0.6084).

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