Published: 2026-03-20T06:47:48.000Z
Chart EUR/AUD Update: Room for stronger corrective bounce
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Settled back from test of the 1.6400/25 resistance as prices consolidate gains from the 1.6130 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600/20 | ** | congestion, 12 Feb low | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | * | congestion | S2 | 1.6130 | ** | 11 Mar YTD low | |
| R2 | 1.6400/25 | * | congestion, 3 Mar low | S3 | 1.6100 | * | congestion | |
| R1 | 1.6350 | * | 13 Mar high | S4 | 1.6000 | ** | figure, congestion |
Asterisk denotes strength of level
06:40 GMT - Settled back from test of the 1.6400/25 resistance as prices consolidate gains from the 1.6130 low of last week. Daily studies are tracking higher to unwind oversold readings and highlight scope for stronger corrective bounce to retrace losses from the October high. Higher will see room to the 1.6500 level and strong resistance at 1.6600/20 area. Meanwhile, support at the 1.6200 level and extending to the 1.6130 low now expected to underpin. Below these will extend losses from the April high to the 1.6100/1.6000 congestion and 1.5920, 61.8% Fibonacci level.