Published: 2026-04-10T07:35:29.000Z
Chart EUR/AUD Update: Consolidating, but still heavy
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Steadied at the 1.6500 level as prices consolidate losses from the 1.6845 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6900 | * | congestion | S1 | 1.6500 | * | congestion | |
| R3 | 1.6800/45 | ** | congestion, Mar high | S2 | 1.6425 | * | 5 Mar low | |
| R2 | 1.6700 | * | congestion | S3 | 1.6350 | ** | 13 Mar high | |
| R1 | 1.6600/20 | * | congestion | S4 | 1.6200 | * | 18 Mar low |
Asterisk denotes strength of level
07:30 GMT - Steadied at the 1.6500 level as prices consolidate losses from the 1.6845 high of last week and unwind oversold daily studies. However, negative weekly studies keeps pressure on the downside and a later break will see room for deeper pullback to support at 1.6425 low. Lower still, will see scope for extension to strong support at 1.6350, 13 March high. Meanwhile, resistance is lowered to the 1.6600/20 congestion area which is expected to cap and sustain losses from 1.6845 March swing high.