Published: 2026-05-26T06:33:12.000Z
Chart EUR/AUD Update: Consolidating above 1.6110 low
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Remains in consolidation above support at the 1.6200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600 | * | congestion | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | ** | congestion, 8 Apr low | S2 | 1.6110/00 | ** | 13 May YTD low, figure | |
| R2 | 1.6400 | * | congestion | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6350 | * | congestion | S4 | 1.5960 | ** | 2024 year low |
Asterisk denotes strength of level
06:30 GMT - Remains in consolidation above support at the 1.6200 level following rejection from resistance at the 1.6350/1.6400 congestion area. Daily and weekly studies remains stretched and consolidation is expected to extend. Break above the 1.6350/1.6400 resistance will see room for stronger gains to retrace losses from the 1.6845 high of 31 March to resistance at 1.6500/1.6600 congestion area. Meanwhile, support remains at the 1.6200 congestion which should underpin. Break here will expose the 1.6130 and 1.6110 lows to retest.