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April 22, 2023A quick look at yesterday: bullish sentiment helped EUR/AUD to push 153 pips higher, reaching session highs around 1.6429, before consolidating until close. Ultimately, Euro-Aussie dollar closed yesterday at 1.6419.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 164,400, while the previous figure was 163,300. Fresh CFTC AUD speculative net positions data from Australia came out at -42,400. Euro Zone Manufacturing PMI came out at 45.5, while a consensus of analysts was expecting 48.
A look at other currencies also shows bullish price action as GBP/NZD leaps up 0.73% yesterday and closed at 2.0122. Notably, EUR/NZD rose 0.85% yesterday and closed at 1.7752. EUR/CAD is trading around 1.4879 after ending yesterday's session at 1.4779 (up 0.68% today).
The currency pair has been trending positively for about 2 months. As things stand, Euro-Aussie dollar is 0.92% away from a significant high of 1.6417, first set 10 days ago.
