Published: 2026-07-02T07:23:41.000Z
Chart EUR/AUD Update: Settled back from test of 1.6600/20 resistance
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Choppy recovery from the 1.6110 May current year low has met with selling pressure at the 1.6600/20 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6845 | ** | Mar high | S1 | 1.6500 | ** | congestion | |
| R3 | 1.6800 | * | congestion | S2 | 1.6425 | * | congestion | |
| R2 | 1.6700/30 | * | congestion, 6 Apr high | S3 | 1.6305/00 | ** | 23 Jun low, congestion | |
| R1 | 1.6600/20 | * | congestion | S4 | 1.6200 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Choppy recovery from the 1.6110 May current year low has met with selling pressure at the 1.6600/20 resistance as daily studies unwind overbought readings. Pullback see support starting at 1.6500 level and extending to 1.6425 congestion. Break here will ease the upside pressure and open up room for pullback to the 1.6305/00 congestion. Meanwhile, resistance at 1.6600/20 area expected to cap. Clearance, if seen, will open up room for extension to 1.6700/30 area and possibly 1.6800/45 March high.