Published: 2026-03-25T07:42:34.000Z
Chart EUR/AUD Update: Extending gains
-
Pressure remains on the upside and break above the 1.6600 level see prices extending gains to retest the 1.6705, 2 March high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7000 | * | figure, congestion | S1 | 1.6500 | congestion | ||
| R3 | 1.6900/05 | ** | congestion, 38.2% | S2 | 1.6425 | * | 5 Mar low | |
| R2 | 1.6800 | * | congestion | S3 | 1.6350 | ** | 13 Mar high | |
| R1 | 1.6705 | * | 2 Mar high | S4 | 1.6200 | * | 18 Mar low |
Asterisk denotes strength of level
07:35 GMT - Pressure remains on the upside and break above the 1.6600 level see prices extending gains to retest the 1.6705, 2 March high. Stretched daily studies suggest reaction here likely but consolidation is expected to give way to break later to further retrace the October/March losses. Higher will see scope to resistance at the 1.6800 congestion and 1.6905, 38.2% Fibonacci level. Meanwhile, support is raised to the 1.6500 level which extend to the 1.6425, 5 March low. This area now expected to underpin and sustain bounce from the 1.6130 low.