Published: 2026-07-20T06:56:42.000Z
Chart EUR/AUD Update: Consolidating above 1.6305/00 area
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Turning high from above support at the 1.6305/00 area as prices consolidate losses from the 1.6620 June swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6700 | * | congestion | S1 | 1.6305/00 | ** | 23 Jun low, congestion | |
| R3 | 1.6600/20 | ** | congestion, 30 Jun high | S2 | 1.6250 | congestion | ||
| R2 | 1.6500 | * | congestion | S3 | 1.6200 | * | congestion | |
| R1 | 1.6400/25 | * | congestion | S4 | 1.6110 | ** | 13 May YTD low |
Asterisk denotes strength of level
06:50 GMT - Turning high from above support at the 1.6305/00 area as prices consolidate losses from the 1.6620 June swing high. However, negative weekly studies suggest consolidation giving way to renewed selling pressure later. Below support at the 1.6305/00 congestion area will return focus to the downside for retest of the 1.6200 congestion and 1.6110, 13 May current year low. Meanwhile, resistance is at the 1.6400/25 area. Above here, will see room for stronger bounce to resistance at the 1.6500 congestion which is expected to cap and sustain losses from the 1.6600/20 area.