The euro is fundamentally weak
EUR/AUD is testing lower levels
Information is not investment advice
EUR/AUD rose to the 50-week MA around 1.5855 (weekly pivot) but then was rejected down. The pair’s testing support at 1.5780 (last week’s low). A decline below this level will open the way down to 1.5725 and potentially 1.5650. A return above 1.5800 will let the pair recover to 1.5850.