Published: 2026-07-27T07:25:54.000Z
Chart EUR/AUD Update: Room to extend June losses
1
Extending consolidation around the 1.6300 level but scope seen for deeper pullback to extend losses from the 1.6620 June high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6700 | * | congestion | S1 | 1.6250 | congestion | ||
| R3 | 1.6600/20 | ** | congestion, 30 Jun high | S2 | 1.6200 | * | congestion | |
| R2 | 1.6500 | * | congestion | S3 | 1.6110 | ** | 13 May YTD low | |
| R1 | 1.6400/25 | * | congestion | S4 | 1.6000 | ** | congestion |
Asterisk denotes strength of level
07:20 GMT - Extending consolidation around the 1.6300 level but scope seen for deeper pullback to extend losses from the 1.6620 June high to the 1.6250/1.6200 support. Daily studies are stretched but negative weekly studies keep pressure firmly on the downside. Lower will see room for retest of the descending triangle support at 1.6140/10, March and 13 May current year low. Below here will further extend losses from the April 2025 year high and see room to 1.6000 figure. Meanwhile, resistance at the 1.6400/25 congestion area should cap any corrective bounce.