EUR - AUD Highlights
Both off best levels, but retaining an underlying bid following tests of half round number and big figure resistance at 1.1850 and 0.7200 respectively. The Euro is holding around 1.1800 and Aussie more assuredly near the middle of a 0.7204-0.7153 range, but the latter has eroded gains relative to the Kiwi after 1.4 bn Aud/NZD option expiry interest at 1.1000 was successfully defended. In fact, this also lifted Nzd/Usd back up towards 0.6550 within 0.6526-64 parameters ahead of NZ trade data on Tuesday and in wake of weak Q2 retail sales.
Eur/Usd can see at least one more drive to the upside this week.
Both off best levels, but retaining an underlying bid following tests of half round number and big figure resistance at 1.1850 and 0.7200 respectively. The Euro is holding around 1.1800 and Aussie more assuredly near the middle of a 0.7204-0.7153 range, but the latter has eroded gains relative to the Kiwi after 1.4 bn Aud/NZD option expiry interest at 1.1000 was successfully defended. In fact, this also lifted Nzd/Usd back up towards 0.6550 within 0.6526-64 parameters ahead of NZ trade data on Tuesday and in wake of weak Q2 retail sales.
Eur/Usd can see at least one more drive to the upside this week.