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AUD/EUR: Support Ahead Of €0.60 Handle

AUD

The cross has been supported ahead of the €0.60 handle in recent dealing, early losses as the Hamas/Israel conflict was digested have been unwound and we sit at €0.6025/30.

  • AUD/EUR sits on the 20-Day EMA (€0.6030), bears look to clear the measure and break below the €0.60 handle. This opens the low from 76.4% retracement of the Aug-Sep bull leg (€0.5925) and the YTD low (€0.5863).
  • Bulls focus on the high from 5 Oct (€0.6058) and the high from 29 Sep (€0.6127). The 200-Day EMA comes in at €0.6158.
  • In the Eurozone the data calendar is relatively light this week with final read of September CPI figures from France and Germany the highlight.

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