Published: 2026-06-03T06:38:36.000Z
Chart EUR/AUD Update: Weighing on 1.6200 level
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Weighing on support at the 1.6200 level following rejection from resistance at the 1.6350/1.6400 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6600 | * | congestion | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | ** | congestion, 8 Apr low | S2 | 1.6130/10 | ** | Mar and 13 May YTD low | |
| R2 | 1.6400/25 | * | congestion, 3 Mar low | S3 | 1.6000 | ** | figure, congestion | |
| R1 | 1.6350 | * | congestion | S4 | 1.5960 | ** | 2024 year low |
Asterisk denotes strength of level
06:30 GMT - Weighing on support at the 1.6200 level following rejection from resistance at the 1.6350/1.6400 congestion area. Below the 1.6200 level will expose the 1.6130 and 1.6110 lows to retest. Break of these will see deeper pullback to retrace the 2022/2025 rally and see room to the 1.6000 figure. Lower still, will see room to 1.5960, 2024 year low. Meanwhile, resistance at the 1.6350/1.6400 congestion area expected to cap. Clearance, will ease the downside pressure and open up room for stronger gains to retrace losses from the 1.6845 high of 31 March.