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Last modified on December 12th, 2017 5:08 am

When converting Australian dollars (AUD) to EUR, or EUR to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/EUR currency conversion rates.

AUD to EURO Overview:From the establishment of the Euro zone, until the financial market crisis of 2008, the AUD and EUR both traded in a relatively stable and correlated fashion. However since 2008 this close correlation has broken down considerably. The Australian economy has maintained upward momentum through its close links to the quickly developing Asian economies.The EURO however has been plagued by sovereign debt issues from its smaller nations, as Germany remains its engine for growth.

Historical Ranges: 1 year 5 years 10 years
AUD/EURO .6568 – .7339 .6025 – .8620 .4734 – .8620
EURO/AUD 1.3625 – 1.5225 1.1601 – 1.6598 1.1601 – 2.1123

Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.50%         European Central Bank (ECB): -0.30%

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

There has been little overall direction in this pair for much of the past week. Prices continue to range around the 0.6390 area and this is likely to continue as we await the ECB rate meeting later in the week. Longer term we favour the Euro (EUR) as improving economic fundamentals should support the single currency. But looking shorter term, Australian employment data on Thursday could easily provide a temporary boost for the Australian dollar (AUD).

Exchange Rates

AUDEUR

Current Level: 0.6392

Support: 0.6350      

Resistance: 0.6460

Last week’s range: 0.6373 – 0.6453

EURAUD

Current Level: 1.5645

Support: 1.5480  

Resistance: 1.5750

Last week’s range: 1.5496 – 1.5692

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

The AUD continues to struggle on this cross , is now at 0.6377 after a 22 month low at 0.6342 last Friday, not helped by poor Aussie data incomparasion to some better figures emerging from Europe…tonights US data will affect this cross as the AUD should lose more ground against the USD than the EUR on a good figure tonight…we look for more AUD downside on this pair next week.

AUD/EUR Exchange Rates

Support: 0.6315 (1.5835)      

Resistance: 0.6600 (1.5151)

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

The AUD is at a 20 month low on this cross at 0.6347 as the EUR is spurred by better data and the chance that a Brexit deal may get done sooner rather than later…Aussie data although picking up still has away to go before the AUD recovers on this cross….Aussie politics are not helping….should hold above 0.6315 support heading into next week.

Exchange Rates

The current interbank midrate is: AUDEUR 0.6348     EURAUD 1.5753

The interbank range this week has been: AUDEUR 0.6348-0.6439     EURAUD 1.5753-1.5530

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

The AUD is higher against the Euro (EUR) at 0.6435 but trading in a tight range. German political uncertainty is supportive for the AUD on this cross but better Eurozone data will prevent the AUD over performing. Look for consolidation in a 0.6415-0.6470 range heading into next week.

Exchange Rates

The current interbank midrate is: AUDEUR 0.6436     EURAUD 1.5537

The interbank range this week has been: AUDEUR 0.6388-0.6468     EURAUD 1.5461-1.5654

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

With the AUD/EUR now around 0.6422, this cross continues to see the Australian dollar (AUD) weaken. It has managed to hold over the 0.6410 level but not with much conviction…the German coalition problems have given the AUD some lift, but we look for another test of 0.6410 later in the week.

Exchange Rates: 

AUD/EUR

Current Level: 0.6424

Support: 0.6410

Resistance: 0.6600

Last week’s range: 0.6388 – 0.6545

EUR/AUD

Current Level: 1.5566

Support: 1.5600

Resistance: 1.5151

Last week’s range: 1.5280 – 1.5654

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

The Australian dollar (AUD) has not enjoyed a good week against the Euro (EUR), slipping from highs around 0.6581 on Monday to the current level at 0.6432. The AUD/EUR has improved slightly after a 0.6408 low two days ago after better Australian data jobs yesterday. Look for consolidation at current levels going into next week, if the AUD can hold above the 0.6410 mark a rally back to the 0.6500/20 region is possible.

Exchange Rates: 

The current interbank interbank midrate is: AUDEUR 0.6431     EURAUD 1.5549

The interbank range this week has been: AUDEUR 0.6408 – 0.6605     EURAUD 1.5140 – 1.5606

AUD/EUR (EUR/AUD) Update:

Click here for AUDEUR charts

Impact on this currency pair:

With the better economic news the EUR has strengthened on this cross, now at 0.6535 as the AUD has softened on the weaker China data …immediate support is at 0.6529 then 0.6500.

Exchange Rates: 

Current Level Support Resistance Last week’s range
AUD/EURO 0.6536 0.6500 0.6760 0.6524 – 0.6630
EURO/AUD 1.5300 1.4792 1.5385 1.5083 – 1.5328

AUD/EUR

Impact on this currency pair:

The Australian dollar (AUD) is now around 0.6600 against the Euro (EUR) after a 0.6631 high earlier in the week. Despite better Eurozone inflation/growth data overnight we still favour the AUD on this cross and look for another test of 0.6650 early next week. Support at 0.6582 should hold overnight. Click here to access AUD/EUR currency charts.

Exchange Rates: 

The current interbank midrate is: AUDEUR 0.6596      EURAUD 1.5162

The interbank range this week has been: AUDEUR 0.6576 – 0.6630      EURAUD 1.5083 – 1.5207

AUD/EUR

The stronger Australian dollar is now at 0.6620 and consolidation at this level would see a move to immediate resistance at 0.6650. Support at 0.6582 not likely to be tested as long as commodities stay firm. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6620 0.6550 0.6760 0.6565 – 0.6627
EURO/AUD 1.5107 1.4792 1.5267 1.5089 – 1.5233

AUD/EUR

Impact on this currency pair:

Currently at 0.6591 after a choppy week, more pressure on the EUR should see the AUD test initial resistance at 0.6630 next week, but US jobs data presents event risk for both currencies. Click here for AUD/EUR currency charts.

The current interbank midrate is: AUDEUR 0.6590 EURAUD 1.5176

 

The interbank range this week has been: AUDEUR 0.6556 – 0.6627 EURAUD 1.5089 – 1.5253

 

 

AUD/EUR
Direct FX – AUD to EUR exchange rates

EUR/AUD
Direct FX – EUR to AUD exchange rates

Below are our AUD/EUR and EUR/AUD charts, for the past five trading days.

AUD/EUR

Now at 0.6598 and AUD continues to soften on this cross, next support level is 0.6556 and if the trend continues should be tested in the next few days. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6594 0.6550 0.6760 0.6497 – 0.6639
EURO/AUD 1.5165 1.4792 1.5267 1.5040 – 1.5391

AUD/EUR

Direction remains unclear on this cross although Spanish concerns have seen the AUD strengthen marginally to 0.6664, a push onto 0.6700 is possible over the next few days. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6676 0.6590 0.6760 0.6622 – 0.6706
EURO/AUD 1.4980 1.4792 1.5174 1.4913 – 1.5102

AUD/EUR

The AUD is now at 0.6658 on this cross after a low of 0.6634 for the week, no clear direction and should hold current levels to start next week. Click here for AUD/EUR currency charts.

The current interbank midrate is:    AUDEUR 0.6656    EURAUD 1.5025

The interbank range this week has been:    AUDEUR 0.6622 – 0.6707    EURAUD 1.4910 – 1.5101

AUD/EUR

The AUD has had a better start to the week on this cross, now at 0.6701 but given the current risk sentiment unlikely to test 0.6760 in the next couple of days…look for consolidation at current levels. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6696 0.6590 0.6760 0.6620 – 0.6759
EURO/AUD 1.4934 1.4792 1.5174 1.4796 – 1.5107

AUD/EUR

The Australian dollar has pulled back to 0.6632 currently and looks to test 0.6590 support next week. Resistance at 0.6760 now looks far away. Click here for AUD/EUR currency charts.

The current interbank midrate is:    AUDEUR 0.6629    EURAUD 1.5085

The interbank range this week has been:    AUDEUR 0.6620 – 0.6759    EURAUD 1.4796 – 1.5107

AUD/EUR

The AUD no around 0.6710, still within the existing 0.6650-0.6726 range, AUD data over the week has been good and the current trend is AUD positive. The high for the week has been 0.6751, look for this to be revisited next week. Click here for AUD/EUR currency charts.

The current interbank midrate is:    AUDEUR 0.6710    EURAUD 1.4904

The interbank range this week has been:    AUDEUR 0.6690 – 0.6750    EURAUD 1.4814 – 1.4949

AUD/EUR

The Australian dollar is lower at 0.6695 vs the Euro, but still within the existing range.  AUD weakness has been countered by the ECB comments on the strength of the EUR. We expect the 0.6650-0.6726 current range to hold ahead of the Aussie jobs data on Thursday. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6695 0.6590 0.6840 0.6669 – 0.6739
EURO/AUD 1.4936 1.4620 1.5174 1.4838 – 1.4995

AUD/EUR

Still within the old 0.6650-0.6726 range, now at 0.6714 after a high of 0.6741 earlier in the week…the ECB has helped the EUR on this cross but still no clear direction …any increase in Korean tensions will affect the AUD more than the EUR. Click here for AUD/EUR currency charts.

The current interbank midrate is:    AUDEUR 0.6701    EURAUD 1.4923

The interbank range this week has been:    AUDEUR 0.6669 – 0.6739    EURAUD 1.4838 – 1.4995

AUD/EUR

The AUD at 0.6685 trading in a 0.6650-0.6726 range over the last 4 days, solid AUD data over the next few days may help with a push back over 0.6700 but ECB has the power to surprise at Thursday’s meeting…range should hold for the next few days. Click here for AUD/EUR currency charts.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6684 0.6590 0.6840 0.6591 – 0.6710
EURO/AUD 1.4962 1.4620 1.5174 1.4903 – 1.5172

The AUD is at 0.6680 on this cross, up from 0.6591 earlier in the week. Better Eurozone  economic data favours the EUR on this cross and we look for another push to 0.6600 levels next week.
The current interbank midrate is:    AUDEUR 0.6675    EURAUD 1.4981

The interbank range this week has been:    AUDEUR 0.6591 – 0.6718    EURAUD 1.4886 – 1.5172

The Australian dollar is still in a sideways pattern albeit more GBP positive with the AUD lower at 0.6128 the renewed risk-off tone favours the GBP on this cross and a move down towards 0.6100 now looks likely.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6621 0.6660 0.6840 0.6605 – 0.6742
EURO/AUD 1.5104 1.6116 1.6502 1.4833 – 1.5139

The AUD has drifted lower this week on the stronger EUR now at 0.6695 and on any ECB tightening talk tonight would see support at 0.6660 threatened.
The current interbank midrate is:    AUDEUR 0.6693    EURAUD 1.4940

The interbank range this week has been:    AUDEUR 0.6673 – 0.6759    EURAUD 1.4796 – 1.4987

The Australian dollar is easier on this cross as the Euro as strengthened against the USD. It is now around 0.6724 and should trade in the 0.6685-06750 range over the next few days.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6723 0.6660 0.6840 0.6660 – 0.6786
EURO/AUD 1.4874 1.4620 1.5015 1.4737 – 1.5014

The ECB more dovish comments have seen the AUD rally to 6788 two days ago, has weakened a little overnight to 0.6730 but direction is unclear…should hold around current levels into next week but we favour a slide in the AUD back to towards the 0.6660 level..
The current interbank midrate is:    AUDEUR 0.6729    EURAUD 1.4861

The interbank range this week has been:    AUDEUR 0.6658 – 0.6786    EURAUD 1.4737 – 1.5021

The Australian dollar is back at similar levels to last weeks close …now at 0.6680 but good EUR data could push the AUD back on this cross to 0.6650/56.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6679 0.6615 0.6840 0.6658 – 0.6744
EURO/AUD 1.4971 1.4620 1.5117 1.4829 – 1.5021

The Australian dollar has weakened on this cross, more affected by the safe-haven flows, now at 0.6685 after 0.6746 earlier in the week. Immediate support is 0.6656 and should hold this level heading to next week.
The current interbank midrate is:    AUDEUR 0.6665    EURAUD 1.5004

The interbank range this week has been:    AUDEUR 0.6663 – 0.6746    EURAUD 1.4823 – 1.5009

The Australian dollar is marking time on this cross, now at 0.6706 but it looks as if it will weaken further and head back to the 0.6685 level over the next few days.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6701 0.6615 0.6840 0.6683 – 0.6794
EURO/AUD 1.4924 1.4620 1.5117 1.4718 – 1.4963

The Australian dollar has gradually weakened against the Euro over the week. It is currently at 0.6702 after 0.6815 on Monday. The EUR should continue its grind higher against the AUD and we look for a target of 0.6656 next week. This would provide a good opportunity for those looking to transfer EUR to AUD.
The current interbank midrate is:    AUDEUR 0.6697    EURAUD 1.4932

The interbank range this week has been:    AUDEUR 0.6683 – 0.6826    EURAUD 1.4650 – 1.4963

The Australian dollar traded to lows against the Euro of 0.6769 in the immediate aftermath of soft Australian inflation data on Wednesday. Since then however, volatility in the wider market has seen the AUD outperform the EUR and the pair reached a high of 0.6865 yesterday. A correction overnight now sees the AUDEUR trading close to where it started the week. With little in the way of overall direction for the pair, we expect to see further choppy prices action over the coming days.
The current interbank midrate is:    AUDEUR 0.6821    EURAUD 1.4660

The interbank range this week has been:    AUDEUR 0.6769 – 0.6865    EURAUD 1.4568 – 1.4772

The Euro staged a decent recovery against the Australian dollar in the second half of last week. The pair had previously traded to a high of 0.6929 (low of 1.4433), but by the end of the week a resurgent EUR had driven the cross back to support around 0.6770 (resistance around 1.4771). The market currently trades around 0.6810 (1.4684) as it awaits the key data release of the week in tomorrow Australian inflation figure. The data outcome may well dictate direction over the coming days. The market is expecting a quarterly inflation outcome of 0.4%.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6809 0.6760 0.6840 0.6768 – 0.6929
EURO/AUD 1.4687 1.4620 1.4793 1.4433 – 1.4776

For much of the week the Australian dollar significantly outperformed the Euro, driving the pair to highs of 0.6929 (lows of 1.4433) yesterday afternoon. That high was made in the immediate aftermath of the strong Australian employment report, but since then the EUR has managed to claw back some the lost ground to the AUD. The trigger for the EUR recovery was last night’s ECB meeting where, despite his best attempts, President Draghi couldn’t stop the Euro from reacting to the improving economic outlook. Immediate support comes in around 0.6825 and as long as the market holds above that level, the focus remains on the topside and further gains. A break below that support level however, may well signal a much bigger correct lower is developing.
The current interbank midrate is:    AUDEUR 0.6836    EURAUD 1.4631

The interbank range this week has been:    AUDEUR 0.6768 – 0.6929    EURAUD 1.4433 – 1.4776

The Australian dollar was one of the best performing currencies last week and as such its gains against the Euro should be no major surprise. That being said, gains for the pair stalled at the 0.6840 level which marks the high from back on 20th June. After two failed attempts at that level we have seen the cross drift a touch lower overnight to now trade at 0.6790. This week should be a big one with plenty of potential volatility. From Australia we have the RBA minutes this afternoon the employment data on Thursday. While from Europe we have the ECB meeting on Thursday night to digest.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6785 0.6760 0.6840 0.6651 – 0.6837
EURO/AUD 1.4738 1.4620 1.4793 1.4627 – 1.5035

The Australian dollar has had a good week making significant gains across the board. The EUR was matching those gains early in the week, but over the past 36 hours EUR selling has seen the cross rate surge. Once the pair broke above minor resistance around 0.6690 it been largely one way traffic to the topside. Last night it traded to a high of 0.6799 and it’s currently consolidating not far below that level. For the time being the risks are skewed to further gains with the target been a test of 0.6840.
The current interbank midrate is:    AUDEUR 0.6782    EURAUD 1.4746

The interbank range this week has been:    AUDEUR 0.6634 – 0.6799    EURAUD 1.4707 – 1.5074

The Australian dollar has been losing ground to a resurgent Euro over the past few weeks. It’s been a messy sort of decline but the trend remains intact for the time being. It would take a move above 0.6705 to bring the downtrend into question. If that level was overcome the focus would turn to 0.6760. On the downside there is minor support around 0.6635 and then again at 0.6570.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6673 0.6570 0.6760 0.6634 – 0.6754
EURO/AUD 1.4985 1.4793 1.5221 1.4807 – 1.5074

The Australian dollar has weakened vs the Euro. Now at 0.6645 after the RBA no change statement, support at 0.6600 may be tested next week.
The current interbank midrate is:    AUDEUR 0.6644    EURAUD 1.5051

The interbank range this week has been:    AUDEUR 0.6634 – 0.6754    EURAUD 1.4807 – 1.5074

The AUD continues to make ground on this cross, is now around 0.6751 and is gradually grinding higher, providing no RBA surprises today , look for a move towards the 0.6800+ level over the week.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6735 0.6700 0.6900 0.6668 – 0.6810
EURO/AUD 1.4848 1.4493 1.4925 1.4683 – 1.4996

An up/down week for this cross with the AUD now at 0.6733 Euro after 0.6812-0.6668 range over the week. We look for the AUD to track back over 0.6850 next week.
The current interbank midrate is:    AUDEUR 0.6725    EURAUD 1.4869

The interbank range this week has been:    AUDEUR 0.6668 – 0.6810    EURAUD 1.4683 – 1.4966

Choppy trading on this pair, has come from 0.6838 last week to 0.6787 currently , looks to be slightly on the back foot against the EUR, but look for a move back towards 0.6810/20 over the coming few days.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6785 0.6740 0.6900 0.6750 – 0.6836
EURO/AUD 1.4739 1.4493 1.4837 1.4629 – 1.4815

Now at 0.6803 the Australian dollar looks on-course to push to 0.6850 Euro later in the week as the EUR marks time. The better Aussie data has provided good AUD rally since the beginning of June and it should continue to support in the near term.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6803 0.6700 0.6900 0.6713 – 0.6821
EURO/AUD 1.4699 1.4493 1.4925 1.4661 – 1.4896

Solid gains for the AUD on this cross now at 0.6814 up from 0.6708 at the start of the week..next stop looks to be 0.6900 last seen a over a month ago…
The current interbank midrate is:    AUDEUR 0.6804    EURAUD 1.4697

The interbank range this week has been:    AUDEUR 0.6708 – 0.6816    EURAUD 1.4671 – 1.4908

The Australian dollar continues to remain strong on this cross, now at 0.6755 with immediate resistance at 0.6770. That level may well be seen after Thursday’s FOMC is out of the way.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6751 0.6700 0.6770 0.6625 – 0.6755
EURO/AUD 1.4812 1.4771 1.4925 1.4804 – 1.5095

The AUD has strengthened on this cross, now at 0.6702 and if the ECB is unchanged tonight a move towards 0.6750 is likely heading into next week.
The current interbank midrate is:    AUDEUR 0.6699    EURAUD 1.4928

The interbank range this week has been:    AUDEUR 0.6570 – 0.6745    EURAUD 1.4827 – 1.5220

Now at 0.6622 after a low of 0.6572 last Friday, poor Aussie data will undermine AUD rallies but Thursday’s ECB meeting is a market mover….a maintenance of the status quo by the ECB will help the AUD but tomorrow’s Aussie GDP if poor will hamstring further AUD advances.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6624 0.6540 0.6700 0.6567 – 0.6698
EURO/AUD 1.5096 1.4925 1.5291 1.4930 – 1.5227

The Australian dollar is weaker against the Euro, now at 06585 down from 0.6693 earlier in the week. EUR is favoured on this cross and a move back to 0.6540 looks likely next week.
The current interbank midrate is:    AUDEUR 0.6583    EURAUD 1.5191

The interbank range this week has been:    AUDEUR 0.6567 – 0.6698    EURAUD 1.4930 – 1.5227

This pair continues in directionless trading, now around 0.6671. The broad Australian dollar downtrend remains intact but the market will need an “event’ to break out of current rages. US data this week may help, but an Aussie downgrade or rate cut would have more effect on this cross, neither of which are likely in the short term.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6671 0.6635 0.6770 0.6618 – 0.6696
EURO/AUD 1.4990 1.4771 1.5071 1.4934 – 1.5109

The Australian dollar has been range bound against the Euro for much of this week between the parameters of 0.6635 and 0.6700 (1.5072 and 1.4920). At this stage the risks are that the broader downtrend that’s been in place since mid-April is still dominant and an eventual break below 0.6635 will be seen. This would move the target to support around the 0.6520 area. If resistance around the 0.6700/10 area can be overcome then a significant correction higher may well unfold, but at this stage that seems unlikely.
The current interbank midrate is:    AUDEUR 0.6649    EURAUD 1.5040

The interbank range this week has been:    AUDEUR 0.6637 – 0.6696    EURAUD 1.4934 – 1.5067

Back at 0.6662 and marking time, the increased risk tone favours the AUD being balanced by the better Eurozone data. Unlikely to break support in the current risk-on climate but Eurozone fundamentals should carry the day in the longer term.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6657 0.6625 0.6770 0.6634 – 0.6756
EURO/AUD 1.5022 1.4771 1.5094 1.4802 – 1.4802

The Australian dollar has weakened on the EUR over the week. It is now back at 0.6683 after a low of 0.6634. We expect a test of this low next week with next stop at 0.6625 and with more positive Eurozone data this is not far away.
The current interbank midrate is:    AUDEUR 0.6685    EURAUD 1.4960

The interbank range this week has been:    AUDEUR 0.6634 – 0.6815    EURAUD 1.4674 – 1.5074

The AUD has drifted back to 0.6747 on this cross, but really no clear direction. The improving Eurozone data will keep the Australian dollar under pressure but 0.6721 should provide support for the moment. The risk is to AUD downside.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6740 0.6685 0.6825 0.6721 – 0.6815
EURO/AUD 1.4837 1.4652 1.4958 1.4674 – 1.4879

Some recovery in the Australian dollar on this cross over the last few days, now at 0.6786 Euro after a low of 0.6720 earlier in the week. There is a lack of clear direction but resistance at 0.6825 may prove tough for the Aussie unless more positive data flows occur next week.
The current interbank midrate is:    AUDEUR 0.6783    EURAUD 1.4742

The interbank range this week has been:    AUDEUR 0.6707 – 0.6804    EURAUD 1.4698 – 1.4910

The Australian dollar has continued its downward path on this cross, now at 0.6733 after being at 0.6902 last Wednesday. It should consolidate at current levels given little news from Europe over the next few days, but Aussie fundamentals remain unsupportive for this cross.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6729 0.6685 0.6750 0.6707 – 0.6923
EURO/AUD 1.4861 1.4814 1.4958 1.4445 – 1.4910

The Australian dollar weakened over the week from 0.6924 to current levels around 0.6736 on the back of soft commodity prices and weak Chinese data. Improving Eurozone fundamentals also boosted the EUR. This weekend’s French election is an obvious risk event, but that aside we look for the Aussie to strengthen on this cross over the coming week.
The current interbank midrate is:    AUDEUR 0.6724    EURAUD 1.4873

The interbank range this week has been:    AUDEUR 0.6730 – 0.6923    EURAUD 1.4445 – 1.4859

The Australian dollar had traded in a narrow 0.6969-0.6826 range against the Euro over the week. It is now back at 0.6908, but with better economic data and a win for Macron in the French elections the EUR should be favoured on this cross.

Current Level Support Resistance Last week’s range
AUD/EURO 0.6909 0.6800 0.6980 0.6826 – 0.6958
EURO/AUD 1.4474 1.4326 1.4706 1.4373 – 1.4650