EUR/AUD
Intraday Analysis 19.03.2026
EURAUD stuck in consolidation The Euro continued to fight back against the Aussie to prevent a further downturn, a story that has held for most of this month. A close above 1.6250 put the bears on the defensive as a move towards 1.6350 would suggest more upward pressure past 1.6400.
AUD/USD, EUR/AUD Outlook: RBA Hikes Again as Inflation Pressures Build
The Reserve Bank of Australia delivered another 25bp hike, lifting the cash rate to 4.1% as inflation risks re-emerge. Rising inflation expectations and geopolitical-driven energy prices are complicating the outlook, while a divided board highlights just how finely balanced the decision was.
EURAUD Wave Analysis
The price earlier broke out of the daily down channel from last October – which accelerated the active short-term impulse wave 5 of the intermediate impulse wave (3) from October.
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment and more consolidations could be seen. On the downside, sustained break of 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 will extend larger down trend to 161.8% projection at 1.6042 next.
US Intervention Plan to Stabilise Shipping Routes
In the euro area, we will receive the January unemployment data and the final February PMIs. We expect the unemployment rate to remain at 6.2% due to continued employment increases in Southern Europe.
