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EURAUD highest since October 2020

EUR
  • The Aussie is feeling the pinch, and the more interesting Currency this morning, given the Risk Off tone and the lower core inflation data for Australia.
  • The AUD test new lows against the EUR, AUD, JPY, and the EUR is the best performer, with the latter trading at it highest levels since 29/10/20.
  • The high on that day was at 1.6687 and will be the small resistance, but most market participants will have their eyes on 1.6827, the October 2020 high.

Chart source: MNI/Bloomberg

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