FXstreet.com (Sydney) - The EUR continued its run of gains against the AUD and is trading above 1.6100. The pair had earlier opened at 1.6093 and posted an intraday high of 1.6163. There is support for the pair at 1.5950 and resistance is at 1.6100. The likely trend is sideways.

The AUD lost ground steadily during today's session due to a lack of economic information to give the market direction. However, while the AUD lost ground against most currencies, higher interest rates should ensure support for the Aussie to above USD 0.9250.