With the euro-Australian dollar pair’s decline showing no signs of stopping, attention is turning to a potential reversal

With the euro-Australian dollar pair’s decline showing no signs of stopping, attention is turning to a potential reversal

25.03.2022

In yesterday’s U.S. currency trading, the U.S. dollar and the euro traded in a tight range, with the EUR/USD pair fluctuating between 1.096 and 1.101. During today’s Asian session, the EUR/USD has edged higher, with the 1.096 level—the lower boundary of the upward channel—acting as a key support level.

Amid ongoing tensions in Ukraine, the euro continues to face upward resistance, and the EUR/AUD pair has closed lower for six consecutive trading days. Currently trading around 1.465, the pair is in a support-free zone on the weekly chart, so investors should remain vigilant for a continued decline.

Today, at 4:00 p.m. CET, we have UK retail sales, Turkey’s economic sentiment survey and capacity utilization; at 6:00 p.m. CET, Germany’s IFO Business Climate Index; at 11:00 p.m. EST, US pending home sales, the University of Michigan Consumer Sentiment Index, and remarks by William, President of the New York Fed; and at 12:30 a.m. EST, remarks by Barkin, President of the Richmond Fed.Remarks by Thomas Barkin, President of the Richmond Fed, and at 01:00, remarks by Federal Reserve Governor Waller. I plan to monitor currency strength and weakness while keeping an eye on price movements caused by position adjustments ahead of the weekend.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?