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1 Jun 2015
EUR/AUD: Testing the upside ahead of RBA
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4368 with a high of 1.4393 and a low of 1.4240.
EUR/AUD has plenty of risk events surrounding it, from the on going Grexit scenario to tonight's RBA meeting. The deadline of 5th June data is fast approaching while the creditor's are rallying up tonight to discuss the crises. The delegates will be the European Central Bank's President, Mario Draghi, along with MF chief Christine Lagarde and leaders of Germany, France, and the European Commission in Berlin. Meanwhile, the RBA will meet and while the Central Bank is expected to maintain the policy rate at 2.00%, the tone will be key and some analysts are looking for a reintroduction of an easing bias based up the Capex.
Technically EUR/AUD is testing the upside with 1.4440 on the horizon and a break of that level puts the bulls in to the driving seat and on to tackle the congestion towards the 1.48 handle and source of supply that initiated the bear trend in February earlier this year.
EUR/AUD has plenty of risk events surrounding it, from the on going Grexit scenario to tonight's RBA meeting. The deadline of 5th June data is fast approaching while the creditor's are rallying up tonight to discuss the crises. The delegates will be the European Central Bank's President, Mario Draghi, along with MF chief Christine Lagarde and leaders of Germany, France, and the European Commission in Berlin. Meanwhile, the RBA will meet and while the Central Bank is expected to maintain the policy rate at 2.00%, the tone will be key and some analysts are looking for a reintroduction of an easing bias based up the Capex.
Technically EUR/AUD is testing the upside with 1.4440 on the horizon and a break of that level puts the bulls in to the driving seat and on to tackle the congestion towards the 1.48 handle and source of supply that initiated the bear trend in February earlier this year.