Chart the Market (26/08/2026)
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Chart the Market (26/08/2026)

Published: 26 August 2026,05:44

Published: 26 August 2026,05:44

Chart The Market

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Brent Crude,  H4:                                                               

Brent crude has staged a technical rebound following its first round of correction. However, the rebound failed to reach the previous peak, indicating that buying momentum has weakened and that the broader bullish structure may be losing strength.

The latest price action has subsequently turned lower and is now forming an “M” price pattern, suggesting a potential bearish reversal and increasing downside pressure for the crude.

The immediate support level near $85.20 is now a critical level to watch. A decisive break below this support would provide stronger confirmation of the bearish bias and could signal that the “M” pattern is developing into a deeper correction.

Should Brent successfully break below $85.20, selling pressure could accelerate and open the path toward lower support levels in the next leg.

Overall, the failed rebound and emerging “M” pattern suggest that Brent is showing an increasingly bearish technical bias. $85.20 remains the key support level, with a sustained break below it likely to strengthen the bearish outlook and increase the risk of a deeper decline.

Resistance Levels: 92.00, 100.05

Support Levels: 85.20, 78.20

EURAUD, H4

The EUR/AUD pair remains underneath its long-term downtrend trendline despite staging a technical rebound in the previous session, suggesting that the broader bearish structure remains intact.

The latest price action shows that the pair has now broken below its previous low level, reinforcing the selling pressure and indicating that the recent rebound has failed to generate a meaningful trend reversal. EUR/AUD is now heading toward its critical support level near 1.6200.

A technical rebound is anticipated around 1.6200, as the level could attract buying interest following the recent decline. However, should the pair fail to hold above this support and break decisively below it, the bearish momentum could accelerate and trigger a deeper sell-off.

In such a scenario, the next major downside target would be the 1.6000 psychological support level, which could become the next key area for buyers to defend.

Resistance Levels: 1.6420, 1.6642

Support Levels: 1.6200, 1.6010

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