Published: 2026-04-02T07:04:27.000Z
Chart EUR/AUD Update: Room to extend gains
1
Consolidating test of resistance at the 1.6765/1.6800 congestion but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7145 | * | 50% Oct/Mar fall | S1 | 1.6700 | * | congestion | |
| R3 | 1.7000/50 | * | figure, congestion | S2 | 1.6620/00 | * | 12 Feb low, congestion | |
| R2 | 1.6900/05 | ** | congestion, 38.2% | S3 | 1.6500 | congestion | ||
| R1 | 1.6800 | * | congestion | S4 | 1.6425 | * | 5 Mar low |
Asterisk denotes strength of level
07:00 GMT - Consolidating test of resistance at the 1.6765/1.6800 congestion but pressure remains on the upside and see scope for break to further retrace the October/March losses. break will see room for extension to the 1.6905, 38.2% Fibonacci retracement. Higher still, if seen, will turn focus to the 1.7000 figure and 1.7050 congestion. Meanwhile, support is raised to the 1.6700 level which extend to the 1.6620/00 congestion. Failure here will ease the upside pressure and see room for pullback to support at the 1.6500/1.6425 area.