Published: 2026-04-14T07:13:38.000Z
Chart EUR/AUD Update: Consolidating
1
Higher from the 1.6500 level as prices consolidate losses from the 1.6845 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6900 | * | congestion | S1 | 1.6500 | * | congestion | |
| R3 | 1.6800/45 | ** | congestion, Mar high | S2 | 1.6425 | * | 5 Mar low | |
| R2 | 1.6680 | * | 13 Apr high | S3 | 1.6350 | ** | 13 Mar high | |
| R1 | 1.6600/20 | * | congestion | S4 | 1.6200 | * | 18 Mar low |
Asterisk denotes strength of level
07:10 GMT - Higher from the 1.6500 level as prices consolidate losses from the 1.6845 high of last week and unwind oversold daily studies. However, negative weekly studies see this giving way to retest of the 1.6500 level and where break will see room for deeper pullback to support at 1.6425 low. Lower still, will see scope for extension to strong support at 1.6350, 13 March high. Meanwhile, resistance is lowered to the 1.6620 congestion and extending to 1.6680 bounce high which is expected to cap and sustain losses from 1.6845 March swing high.