Published: 2026-07-29T07:18:39.000Z
Chart EUR/AUD Update: Extend bounce from 1.6250 low
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Extending bounce from the 1.6250 low as prices retrace losses from the 1.6620 June swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6700 | * | congestion | S1 | 1.6300 | * | congestion | |
| R3 | 1.6600/20 | ** | congestion, 30 Jun high | S2 | 1.6250 | ** | 27 Jul low | |
| R2 | 1.6515 | * | 11 Jun high | S3 | 1.6200 | * | congestion | |
| R1 | 1.6400/25 | * | congestion | S4 | 1.6110 | ** | 13 May YTD low |
Asterisk denotes strength of level
07:10 GMT - Extending bounce from the 1.6250 low as prices retrace losses from the 1.6620 June swing high. Break above the 1.6400/25 resistance will see room stronger gains to the 1.6515 resistance and trendline from the March high. Clearance here will set up scope for retest of the 1.6620 high. Meanwhile, support is raised to the 1.6300/1.6250 congestion and Monday's low which should underpin. Break here will see room to the 1.6200 level though focus will turn to the 1.6130 and 1.6110, March and May current year lows.