Published: 2026-04-27T07:33:56.000Z
Chart EUR/AUD Update: Weighing on 1.6350 support
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Consolidating at the 1.6350 support but pressure remains on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800/45 | ** | congestion, Mar high | S1 | 1.6350 | ** | 13 Mar high | |
| R3 | 1.6680 | ** | 13 Apr high | S2 | 1.6200 | * | 18 Mar low | |
| R2 | 1.6600/20 | * | congestion | S3 | 1.6130 | ** | 11 Mar YTD low | |
| R1 | 1.6500 | * | congestion, 8 Apr low | S4 | 1.6100 | figure |
Asterisk denotes strength of level
07:30 GMT - Consolidating at the 1.6350 support but pressure remains on the downside following rejection from the 1.6845 March swing high. Break here will turn focus to the March lows at the 1.6200 level then 1.6130, 11 March current year low. Below these will extend the broader losses from the April 2025 year high and see room to the 1.6100 level and the 1.6000 figure. Meanwhile, resistance is at the 1.6500 level which is expected to limit corrective bounce and sustain the losses from 1.6845, March swing high.