Published: 2026-06-05T13:46:29.000Z
EUR/USD, AUD/USD flows: Toying with breaks
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Pairs toying with some big figure range floor breaks again, as week comes to a close
Iran always the wild card, but may have better chance of sticking this time
The market has tended to look most offered at the lows and bid at the highs as the tight range trade has gripped hold in recent weeks. But it is back to toying with some breaks again now on a few pairs and it does have current Fed repricing overlaying some existing tech profit-taking in its favour on the latest effort.
AUD/USD would need a close below 0.71 to potentially be opening up .7055/.7000 as the next levels down retracing the rally from the .6833 March low. EUR/USD closing clean below 1.16~ would have 1.550 next with half point references below that.