Published: 2026-04-08T07:15:04.000Z
Chart EUR/AUD Update: Extending losses
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Break of support at the 1.6620/00 congestion has seen follow-through to reach the 1.6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6900 | * | congestion | S1 | 1.6500 | * | congestion | |
| R3 | 1.6800/45 | ** | congestion, Mar high | S2 | 1.6425 | * | 5 Mar low | |
| R2 | 1.6700 | * | congestion | S3 | 1.6350 | ** | 13 Mar high | |
| R1 | 1.6600 | * | congestion | S4 | 1.6200 | * | 18 Mar low |
Asterisk denotes strength of level
07:10 GMT - Break of support at the 1.6620/00 congestion has seen follow-through to reach the 1.6500 level as prices unwind overbought daily studies. Pressure remains on the downside and below this will see room for extension to support at 1.6425 low. Lower still, will see scope to strong support at 1.6350, 13 March high. Meanwhile, resistance is lowered to the 1.6600/1.6700 congestion area which is expected to cap and sustain losses from 1.6845 March corrective high.