AUD To EUR, Australian Dollars to Euro , AUD To Euro Currency

(aud to eur, australian dollars to euro, aud to euro currency)

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Australian Dollars to Euro (AUD TO EUR) Forecast

Next Six Months: Detailed Monthly Forecast

December 2024:

  • Current price is around 0.615.
  • The pair is showing signs of stabilization within the lower liquidity level near 0.600.
  • Support Zone: 0.600-0.605. This range will likely act as a buy zone, attracting buyers if the price revisits it.
  • Resistance Zone: 0.625-0.630. Selling pressure could emerge near this range as buyers may take profits.
  • Prediction: Likely range-bound movement between 0.605 and 0.625, with a bias towards retesting the 0.600 level if global risk sentiment remains cautious.

January 2025:

  • Seasonal and cyclical currency trends may push the pair towards the 0.600-0.595 zone.
  • Liquidity indicates some sell-side movement, targeting lower liquidity zones before reversing.
  • A slight upward push could test the 0.620 resistance again, driven by economic announcements or Eurozone weakness.
  • Prediction: Expected movement between 0.595 and 0.620, with a short-lived breach below 0.595 possible.

February 2025:

  • This month could see AUD testing stronger support in the 0.580-0.590 range, a historically significant liquidity level.
  • Buyers will likely accumulate at these levels, providing strength for a potential rebound towards 0.615.
  • Prediction: Recovery phase anticipated, with a move from the 0.590 zone back towards 0.610-0.615.

March 2025:

  • Global market trends and interest rate policies may influence AUD positively, creating upward momentum.
  • The pair might consolidate and slowly push towards 0.620, with 0.605 acting as the new support.
  • Prediction: Gradual upward trend, with potential movement between 0.605 and 0.625.

April 2025:

  • The pair could see reduced volatility as it stabilizes within the 0.610-0.620 range.
  • If buyers gain confidence from broader risk-on sentiment, AUD could attempt to breach 0.630.
  • Prediction: Consolidation phase likely, with movement capped between 0.610-0.625.

May 2025:

  • A breakout is more likely, either testing the upper resistance at 0.630-0.635 or retracing to gather liquidity near 0.600.
  • Prediction: Possible breakout towards 0.635, contingent on positive Australian economic data or Euro weakness. Alternatively, a retest of 0.600 could occur if risk-off sentiment prevails.

Long-Term Forecast (June 2025 – Beyond):

Support and Resistance Zones:

  • Major support levels: 0.580 and 0.550.
  • Major resistance levels: 0.635 and 0.700.

Scenario 1: AUD Bullish Outlook:

  • If Australian economic performance improves, aided by higher commodity prices or an increase in global demand, the AUD could strengthen further.
  • A sustained move above 0.635 could open doors to 0.650-0.675, with a long-term potential of reaching the 0.700 level within 12-18 months.

Scenario 2: AUD Bearish Outlook:

  • Weaker global growth, particularly in China (a key trading partner for Australia), could hurt AUD demand.
  • In this scenario, the pair could gradually move lower towards 0.580 and eventually test the 0.550 level.
  • A break below 0.550 could expose the currency to deeper losses, with 0.520 acting as the next key level.

Neutral Outlook:

  • If both the Australian and Eurozone economies remain stable without major changes in monetary policy or global trade dynamics, AUD/EUR could trade within a range of 0.600-0.630 for an extended period.

Key Influencing Factors:

  • Interest Rate Differentials: Diverging monetary policies between the RBA (Reserve Bank of Australia) and the ECB (European Central Bank) will play a pivotal role.
  • Global Risk Sentiment: AUD is a risk-sensitive currency; any shifts in global market sentiment (e.g., geopolitical tensions, recession risks) will influence its movement.
  • Economic Data: Regular economic releases (e.g., GDP growth, employment data) from Australia and the Eurozone will guide near-term trends.
  • Liquidity Zones: Buyers and sellers will likely focus on the liquidity levels at 0.600 and 0.625, ensuring price movement remains well-defined within this range unless a breakout occurs.

AUD/EUR is expected to trade within well-defined ranges in the near term, with potential for breakouts contingent on broader market dynamics. Traders should monitor key support and resistance levels closely for actionable opportunities.