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Supported At 200-Day EMA

AUD

AUD/EUR was supported at the 200-Day EMA (€0.6110) on Monday as rising US Tsy Yields weighed on risk appetite.

  • The pair sits at €0.6110/15 in early trade this morning.
  • Bulls look to hold above the 200-Day EMA and break the high from 4 Dec (€0.6147). This opens the €0.62 handle and €0.6310, the high from 15 June.
  • On the downside bears focus on breaking the 200-Day EMA which opens the 20-Day EMA (€0.6041).
  • Today's RBA monetary policy decision presents as the next macro risk event, there is no change to policy expected.

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