Published: 2026-07-23T07:05:05.000Z
Chart EUR/AUD Update: Consolidating, room for lower later
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Extending consolidation at the 1.6300 level but negative weekly studies keep pressure firmly on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6700 | * | congestion | S1 | 1.6250 | congestion | ||
| R3 | 1.6600/20 | ** | congestion, 30 Jun high | S2 | 1.6200 | * | congestion | |
| R2 | 1.6500 | * | congestion | S3 | 1.6110 | ** | 13 May YTD low | |
| R1 | 1.6400/25 | * | congestion | S4 | 1.6000 | ** | congestion |
Asterisk denotes strength of level
07:00 GMT - Extending consolidation at the 1.6300 level but negative weekly studies keep pressure firmly on the downside. Below here will extend losses from the 1.6620 June high and see room to support at the 1.6250/00 congestion area. Lower still, will see room for retest of the descending triangle support at 1.6140/10, March and 13 May current year low. Break here will further extend losses from the April 2025 year high and see room to 1.6000 figure. Meanwhile, resistance at the 1.6400/25 congestion area should cap any corrective bounce.