Published: 2026-05-04T07:49:11.000Z
Chart EUR/AUD Update: Consolidating losses
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Steadied at the 1.6250 as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6680 | ** | 13 Apr high | S1 | 1.6250 | intraday low | ||
| R3 | 1.6600/20 | * | congestion | S2 | 1.6200 | * | 18 Mar low | |
| R2 | 1.6500 | * | congestion, 8 Apr low | S3 | 1.6130 | ** | 11 Mar YTD low | |
| R1 | 1.6400/25 | * | congestion, 5 Mar low | S4 | 1.6000 | ** | figure |
Asterisk denotes strength of level
07:45 GMT - Steadied at the 1.6250 as prices unwind oversold intraday studies. However, the downside remains vulnerable and lower will see room to retest the 1.6200 level then the 1.6130, 11 March current year low. Would expect reaction at the latter but a later break will further retrace the 2022/2025 rally and see room to the 1.6000 figure and 1.5915, 61.8% Fibonacci retracement. Meanwhile, resistance at the 1.6400/25 congestion and 5 March low is expected to cap. Only above here will see room for stronger corrective bounce of losses from 1.6845, March high.