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Forex

EUR/AUD Exchange Rate Hits Resistance Near 1.6350 Amid Risk Aversion

Guavy AI Editorial Team
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USD AUD
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The EUR/AUD exchange rate has stalled near its key resistance level of 1.6350, after rallying recently.

This comes as the Australian dollar is trading on the back foot following a sharp selloff in Asian technology stocks, which has dented risk appetite and dragged regional currencies lower.

Australia's upcoming CPI report and the FOMC decision are set to be major macro events that could determine whether AUD/USD extends its recent pullback or regains ground.

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