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The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has experienced increased volatility recently. In my previous article covering the pair, I did anticipate this; however, the likely direction of EUR/AUD was less clear at the time (volatility is independent of the direction of price).
The chart below shows recent price action using daily candlesticks, while the vertical blue line illustrates the date of publication of my prior article. At first, volatility remained subdued. After several days of further stability, the euro spiked against the Australian dollar