Published: 2026-03-11T07:37:37.000Z
Chart EUR/AUD Update: Consolidating test of 1.6200
1
Break of the 1.6425/20 low and 50% Fibonacci level see prices extend sharp losses from the April high to reach the 1.6200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600/20 | ** | congestion, 12 Feb low | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | * | congestion | S2 | 1.6150/00 | * | congestion | |
| R2 | 1.6400/25 | * | congestion, 3 Mar low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6300 | congestion | S4 | 1.5965 | ** | Nov 2024 year low |
Asterisk denotes strength of level
07:30 GMT - Break of the 1.6425/20 low and 50% Fibonacci level see prices extend sharp losses from the April high to reach the 1.6200 level. Consolidation here see prices unwinding deep oversold daily and weekly studies but bearish structure keep pressure firmly on the downside. Lower will see room for extension to the 1.6150/1.6100 congestion with scope for break lower to target the 1.6000 figure. Meanwhile, resistance is lowered to the 1.6300 congestion ahead of the 1.6400/25 area which is expected to cap corrective bounce.