Published: 2026-03-09T07:16:16.000Z
Chart EUR/AUD Update: Range-bound above 1.6425 low
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Range-bound as prices extend consolidation above the 1.6425/20 low and 50% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6900 | * | congestion | S1 | 1.6425/20 | ** | 3 Mar YTD low, 50% | |
| R3 | 1.6800 | * | congestion | S2 | 1.6360 | ** | 20 Feb 2025 year low | |
| R2 | 1.6700/50 | * | congestion | S3 | 1.6300 | * | congestion | |
| R1 | 1.6620 | * | 12 Feb low | S4 | 1.6200 | * | congestion |
Asterisk denotes strength of level
07:50 GMT - Range-bound as prices extend consolidation above the 1.6425/20 low and 50% Fibonacci level. Shallow bounce keep pressure on the downside but oversold daily and weekly studies caution stronger corrective gains. Resistance is at the 1.6600/20 area and lift over this will open up room for stronger gains to retrace losses from the 1.8160, October high. Higher will see room to the 1.6700/50 area and 1.6800/1.6900 congestion. Failure to hold 1.6425 low will further extend losses to 1.6400 level and the 1.6360, 2025 year low.