Published: 2026-04-16T06:10:03.000Z
Chart EUR/AUD Update: Weighing on 1.6425/00 support
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Break of the 1.6500 level see prices extending losses to pressure support at the 1.6425/00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800/45 | ** | congestion, Mar high | S1 | 1.6425/00 | * | 5 Mar low, congestion | |
| R3 | 1.6680 | ** | 13 Apr high | S2 | 1.6350 | ** | 13 Mar high | |
| R2 | 1.6600/20 | * | congestion | S3 | 1.6200 | * | 18 Mar low | |
| R1 | 1.6500 | * | congestion, 8 Apr low | S4 | 1.6130 | ** | 11 Mar YTD low |
Asterisk denotes strength of level
06:10 GMT - Break of the 1.6500 level see prices extending rejection from the 1.6680 Monday's bounce high to pressure support at the 1.6425/00 area. Negative daily studies suggest scope for break here to open up room deeper pullback to strong support at 1.6350, 13 March high. Break here will return focus to the downside for retest of 1.6200/1.6130 lows. Meanwhile, resistance is lowered to the 1.6500 level which is expected to cap immediate corrective bounce and sustain the broader losses from 1.6845, March swing high.