Published: 2026-06-17T06:57:19.000Z
Chart EUR/AUD Update: Room to extend May corrective gains
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Turning higher in consolidation above support at the 1.6350 congestion to return focus to the 1.6500 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800 | * | congestion | S1 | 1.6350 | * | congestion | |
| R3 | 1.6680 | * | 13 Apr high | S2 | 1.6200 | * | congestion | |
| R2 | 1.6600/20 | * | congestion | S3 | 1.6130/10 | ** | Mar, 13 May YTD lows | |
| R1 | 1.6500 | ** | congestion, 8 Apr low | S4 | 1.6000 | ** | figure, congestion |
Asterisk denotes strength of level
06:50 GMT - Turning higher in consolidation above support at the 1.6350 congestion to return focus to the 1.6500 resistance. Positive daily studies suggest scope for break here to extend the May gains and see room to target 1.6600/20 congestion area and 1.6680 resistance. However, corrective gains are expected to give way to renewed selling pressure later with support starting at the 1.6400/1.6350 congestion area. Break here will return focus to the downside for retest of 1.6200 support and the 1.6130/10 lows.