Published: 2026-06-12T07:17:16.000Z
Chart EUR/AUD Update: Consolidating, room for higher later
1
Settled back from test of the 1.6500 resistance as prices consolidate gains from the 1.6200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6800 | * | congestion | S1 | 1.6350 | * | congestion | |
| R3 | 1.6680 | * | 13 Apr high | S2 | 1.6200 | * | congestion | |
| R2 | 1.6600 | * | congestion | S3 | 1.6130/10 | ** | Mar, 13 May YTD lows | |
| R1 | 1.6500 | ** | congestion, 8 Apr low | S4 | 1.6000 | ** | figure, congestion |
Asterisk denotes strength of level
07:10 GMT - Settled back from test of the 1.6500 resistance as prices consolidate gains from the 1.6200 level. Positive daily studies suggest consolidation to give way to renewed buying pressure later and higher extend the May gains and see room to target 1.6600 congestion and 1.6680 resistance. However, corrective gains are expected to give way to renewed selling pressure later with support starting at the 1.6400/1.6350 congestion area. Break here will return focus to the downside for retest of 1.6200 support and the 1.6130/10 lows.