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EUR/AUD Extends Losing Streak to 11 Sessions

AUD
  • Latest leg lower in EUR/USD really putting the single currency under pressure across G10 and making the EUR/AUD chart standout even further. Cross broke below horizontal support charted from 2018 earlier in the week and is now clocking its 11th consecutive session of losses. No meaningful support here until the 21 Sep ’17 low (A$1.4794).
  • We noted earlier in the week that' AUD strength in AUD comes despite the spike higher in equity and US Treasury volatility, with AUD becoming more clearly determined by monpol expectations.
  • Read more here: https://marketnews.com/cautious-rba-could-work-aga...

EUR/AUD clears horizontal support, extends losing streak

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