Published: 2026-07-08T07:00:21.000Z
Chart EUR/AUD Update: Consolidating at 1.6425 support, scope for break later
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Little change, as prices extend consolidation above the 1.6425 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800 | * | congestion | S1 | 1.6425 | * | congestion | |
| R3 | 1.6700 | * | congestion | S2 | 1.6305/00 | ** | 23 Jun low, congestion | |
| R2 | 1.6600/20 | ** | congestion, 30 Jun high | S3 | 1.6200 | * | congestion | |
| R1 | 1.6500 | * | congestion | S4 | 1.6110 | ** | 13 May YTD low |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation above the 1.6425 support. However, negative daily studies suggest scope for break here to extend rejection from resistance at the 1.6600/20 June high. Lower will see room to support at the 1.6305/00 and congestion area which is expected to underpin. Failure here will return focus to the downside for retest of the 1.6200 congestion and 1.6110, 13 May current year low. Meanwhile, resistance at the 1.6500 congestion is expected to cap and sustain losses from the 1.6600/20 area.