Is EUR/AUD in a bearish trend?

At the present moment, EUR/AUD is in a bearish trend. This means that the value of the Euro (EUR) is decreasing relative to the Australian Dollar (AUD). The current exchange rate for EUR/AUD stands at 1.6133 making it more expensive to buy one Euro with Australian Dollars compared to recent trends.

Is EUR getting stronger against AUD?

The current exchange rate for EUR/AUD stands at 1.6133 making it more expensive to buy one Euro with Australian Dollars compared to recent trends. If the trend continues and remains in bearish territory, this indicates that the Australian Dollar is getting stronger relative to its European counterpart.

What's going on with the AUD/USD?

On the daily chart, the AUD/USD continues to move between the 20-day Simple Moving Average (SMA) and the 55-day SMA (0.6505). The 0.6400 level has become a relevant support, and a consolidation below it should bring further weakness to the Aussie, exposing the 20-day SMA at 0.6360.

What is a EUR/AUD pair?

Loading Market Trend ... The EUR/AUD pair is the abbreviated term used for the Euro & Australian dollar. This currency pairing is most impacted by any change in the price of gold, this pair doesn't have a nickname. Before we get into the particulars, what exactly does the EUR/AUD rate mean?