EUR/AUD Technical: AUD's underperformance remains sticky - MarketPulseMarketPulse
EUR/AUD has started to evolve into a short-term uptrend reinforced by a clearance of the 200-day moving average
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EUR/AUD has started to evolve into a short-term uptrend reinforced by a clearance of the 200-day moving average
EUR/AUD bearish breakdown due to weak Eurozone PMI, China additional fiscal stimulus and renewed Australia inflationary pressures.
With many commodities such as oil, gold, and wheat soaring, commodity currencies have gone along for the ride.
The Euro Australian Dollar exchange rate is rangebound today after the Reserve Bank of Australia (RBA) revealed that its interest rate will remain unchanged.
During the last few months, EUR/USD hasn’t provided that many opportunities to trade over the medium term.