EUR/AUD rises for the fifth day in a row

FXStreet (Córdoba) - EUR/AUD continued to rise on Friday and posted the fifth daily gain in a row and the strongest close since March. The pair peaked at 1.5144 and then pulled back but found support at 1.5060.

Despite being unable to close above 1.5100 on Friday, the EUR/AUD will end for the first time in month above 1.5000. Since November 24 the pair has risen more than 850 pips on the back of a weak Australian dollar.

The aussie was the worst performer across the baord over the week, despite better-than-expected economic data from Australia.