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AUD/USD Continues to Fall in Europe to 0.7900 as Euro Gains

Posted by Chris Advincula on Apr 30, 2015 6:45:00 AM

AUD.4.30 resized 600

Chart: WorldWideMarkets Alpha Trader

The Australian dollar continued to fall in Europe on extended losses against the US dollar to 0.7920 from 0.7990. (-70 pips). On the intraday chart, the high in yesterday's NY session was 0.8075 while the market made new lows in Europe to 0.7900. (-175 pips).

The 175 pip decline of the australian dollar stemmed from the euro's gains made across the major currencies. Euro dollar rose 180 pips in Europe to 1.1250 from 1.1070. The euro made strong gains against the australian dollar to a high of 1.4135 from 1.3882. (+253 pips)

 

EURAUD.4.30 resized 600 

Chart: WorldWideMarkets Alpha Trader

Topics: EURUSD, EURO, AUDUSD, EURAUD, forex trading, European Session, Fundamental Analysis

 

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