Published: 2026-06-08T07:18:47.000Z
Chart EUR/AUD Update: Extending corrective gains
3
Higher to pressure resistance at the 1.6350/80 May highs as prices unwind oversold daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6680 | * | 13 Apr high | S1 | 1.6200 | * | congestion | |
| R3 | 1.6600 | * | congestion | S2 | 1.6130/10 | ** | Mar and 13 May YTD low | |
| R2 | 1.6500 | ** | congestion, 8 Apr low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6400/25 | * | congestion, 3 Mar low | S4 | 1.5960 | ** | 2024 year low |
Asterisk denotes strength of level
07:10 GMT - Higher to pressure resistance at the 1.6350/80 May highs as prices unwind oversold daily and weekly studies. Clearance here will see room for stronger gains to retrace losses from the March swing high to resistance at 1.6400/25 area and the 1.6500 level. Clearance here, will open up room for stronger gains to 1.6600/80 area. Corrective gains expected to give way to renewed selling pressure later. Meanwhile, support at raised to 1.6250/1.6200 congestion area. Break here will return focus to the downside for retest of 1.6130/10 lows and lower.