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The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has been one of the most volatile FX crosses of all lately. From a far tighter trading range of less than 600 pips through the last quarter of 2019 to March 2020, EUR/AUD suddenly exploded to the upside by over 3,000 pips to a peak of almost 1.98.
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
With the pair almost breaking a key level of 2.00,