Published: 2026-05-18T07:29:41.000Z
Chart EUR/AUD Update: Extend bounce from 1.6110 current year low
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Turned up from 1.6110 current year low of last week as prices unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600 | * | congestion | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | ** | congestion, 8 Apr low | S2 | 1.6110 | ** | 13 May YTD low | |
| R2 | 1.6400/25 | * | congestion, 5 Mar low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6350 | * | congestion | S4 | 1.5960 | ** | 2024 year low |
Asterisk denotes strength of level
07:20 GMT - Turned up from 1.6110 current year low of last week as prices unwind oversold daily studies. Above the 1.6200 level see room for stronger bounce to resistance at 1.6350 and the 1.6400/25 congestion area which are expected to cap. Clearance, if seen, will see room for stronger gains to retrace losses from the 1.6845 high of 31 March to the 1.6500/1.6600 area. Meanwhile, support is raised to the 1.6200 congestion which should underpin. Break here and the 1.6130/10 lows will see room for extension to the 1.6000 figure.