Published: 2026-04-17T06:57:37.000Z
Chart EUR/AUD Update: Consolidating test of 1.6425/00 support
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Little change, as prices consolidate test of support at the 1.6425/00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800/45 | ** | congestion, Mar high | S1 | 1.6425/00 | * | 5 Mar low, congestion | |
| R3 | 1.6680 | ** | 13 Apr high | S2 | 1.6350 | ** | 13 Mar high | |
| R2 | 1.6600/20 | * | congestion | S3 | 1.6200 | * | 18 Mar low | |
| R1 | 1.6500 | * | congestion, 8 Apr low | S4 | 1.6130 | ** | 11 Mar YTD low |
Asterisk denotes strength of level
07:00 GMT - Little change, as prices consolidate test of support at the 1.6425/00 area and unwind oversold intraday studies. However, pressure remains on the downside with negative daily studies suggesting scope for break here to open up room deeper pullback to strong support at 1.6350, 13 March high. Break here will return focus to the downside for retest of 1.6200 level then the 1.6130, 11 March current year low. Meanwhile, resistance at the 1.6500 level is expected to cap immediate corrective bounce and sustain the broader losses from 1.6845, March swing high.