Published: 2026-03-12T07:19:16.000Z
Chart EUR/AUD Update: Consolidating at 1.6130, but room for further losses
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Break of the 1.6200 level has seen further losses to reach fresh low at 1.6130
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600/20 | ** | congestion, 12 Feb low | S1 | 1.6130 | * | 11 Mar YTD low | |
| R3 | 1.6500 | * | congestion | S2 | 1.6100 | * | congestion | |
| R2 | 1.6400/25 | * | congestion, 3 Mar low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6300 | congestion | S4 | 1.5965 | ** | Nov 2024 year low |
Asterisk denotes strength of level
07:15 GMT - Break of the 1.6200 level has seen further losses to reach fresh low at 1.6130. Bounce here see prices unwind oversold intraday studies but further losses cannot be ruled out. Lower will see room to the 1.6100 level then the 1.6000/1.5965 figure and 2024 year low. Deep oversold daily and weekly studies suggest reaction at the latter likely to consolidate steep losses from the October high. Meanwhile, resistance is lowered to the 1.6300 congestion ahead of the 1.6400/25 area which is expected to cap corrective bounce.