Published: 2026-06-05T06:30:15.000Z
Chart EUR/AUD Update: Room for stronger gains from May low
1
Higher in consolidation following bounce from the 1.6200 level to retest resistance at the 1.6350 congestion
| 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
06:20 GMT - Higher in consolidation following bounce from the 1.6200 level to retest resistance at the 1.6350 congestion. Daily studies are unwinding oversold readings and suggest scope for break here to extend gains from the 1.6110 May current year low. Higher will see room to retrace losses from the 1.6845 March high and see room to resistance at the 1.6400/25 area then the 1.6500 level. Meanwhile, support at the 1.6200 congestion should underpin and sustain bounce from the 1.6130/10 lows.