Published: 2026-05-08T07:15:14.000Z
Chart EUR/AUD Update: Room to retest 1.6130, March current year low
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Steadied at the 1.6200 level but pressure remains on the downside and see scope for break to expose 1.6130 March YTD low to retest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600/20 | * | congestion | S1 | 1.6200 | * | 18 Mar low | |
| R3 | 1.6500 | ** | congestion, 8 Apr low | S2 | 1.6130 | ** | 11 Mar YTD low | |
| R2 | 1.6400/25 | * | congestion, 5 Mar low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6350 | * | congestion, 13 Mar high | S4 | 1.5960 | ** | 2024 year low |
Asterisk denotes strength of level
07:10 GMT - Steadied at the 1.6200 level but pressure remains on the downside and see scope for break to expose 1.6130 March YTD low to retest. Oversold daily studies suggest reaction here likely this is expected to give way to break later to further retrace the 2022/2025 rally. Lower will see room for extension to target the 1.6000 figure. Break here will open up room for extension to 1.5960 the 2024 year low and 1.5915, 61.8% Fibonacci retracement. Meanwhile, resistance remains at the 1.6350 congestion and extending to the 1.6400/25 area.