FXstreet.com (Sydney) - The EUR continued to gain against the Aussie and is now trading at 1.6026. The pair had earlier opened at 1.5986 and posted an intraday high of 1.6049 before falling to current levels. The EUR/AUD finds support at 1.5950 and resistance at 1.6190. Tendencies for the pair are sideways down.
The Aussie lost further ground in the local session following a release of wages data for the September quarter. While wages actually grew, this was at decelerated rate meaning that inflationary pressures would subside. This also makes it unlikely for a further rates rise this year.