Published: 2026-03-24T07:17:55.000Z
Chart EUR/AUD Update: Consolidating, room for higher later
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Limited on break of the 1.6600 level as prices consolidate gains from the 1.6130 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6900/05 | ** | congestion, 38.2% | S1 | 1.6500 | * | congestion | |
| R3 | 1.6800 | * | congestion | S2 | 1.6425 | * | 5 Mar low | |
| R2 | 1.6705 | * | 2 Mar high | S3 | 1.6350 | ** | 13 Mar high | |
| R1 | 1.6600/20 | ** | congestion, 12 Feb low | S4 | 1.6200 | * | 18 Mar low |
Asterisk denotes strength of level
07:10 GMT - Limited on break of the 1.6600 level as prices consolidate gains from the 1.6130 low. Intraday studies have turned lower to unwind overbought readings with daily chart stretched as well and see room for pullback from the 1.6600/20 resistance. Bullish gains from the 11 March low suggest consolidation to give way to renewed gaains later to retrace losses from the 1.8160 October high. Higher will see room to resistance at 1.6705 and 1.6800 congestion. Meanwhile, support is raised to the 1.6500 level then the 1.6425 low of 5 March which is expected to underpin and limit corrective pullback.