Published: 2026-04-29T07:05:47.000Z
Chart EUR/AUD Update: Still weak
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Consolidation at the 1.6350 support has given way to break to reach 1.6290 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6680 | ** | 13 Apr high | S1 | 1.6290 | 28 Apr low | ||
| R3 | 1.6600/20 | * | congestion | S2 | 1.6200 | * | 18 Mar low | |
| R2 | 1.6500 | * | congestion, 8 Apr low | S3 | 1.6130 | ** | 11 Mar YTD low | |
| R1 | 1.6400/25 | * | congestion, 5 Mar low | S4 | 1.6100 | figure |
Asterisk denotes strength of level
07:00 GMT - Consolidation at the 1.6350 support has given way to break to reach 1.6290 low. The downside remains vulnerable and lower will see room to the March lows at the 1.6200 level then 1.6130, 11 March current year low. Below these will extend the broader losses from the April 2025 year high and see extension to the 1.6100 level and the 1.6000 figure. Meanwhile, resistance is lowered to the 1.6400/25 area which is expected to limit corrective bounce and sustain the losses from 1.6845, March swing high.