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The AUD EUR stays in a familiar range.

Written by Sam Coxhead on May 25th, 2012.      0 comments

5:16 PM (NZT) This pairing continues to range trade with in what have become familiar levels. The AUD has had a strong finish to the week in what looks to be a little profit taking on recent moves lower against other currency pairs. The .7700 (1.3000) remains the primary target for any AUD weakness, a push through this level would open up the way for further AUD underperformance. Expect the noise surrounding the build up to the next Greek election to increase and potentially provide increased volatility.
 
The current interbank midrate is:                                               AUEUR  .7771                    EURAUD  1.2868                                                                                   
 
The interbank range so far this week to date has been:   AUDEUR .7683 – .7797   EURAUD 1.2825 – 1.3016
 

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