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Published: 2025-09-05T07:11:08.000Z

Chart EUR/AUD Update: Consolidating test of 1.7810/00 support

byPakLai Ng

Technical Analyst
-

Turned up from test of the 1.7810/00 support as prices consolidate losses from the 1.8155 high of August

 LevelsImpComment  LevelsImpComment
R41.8200 congestion S11.7810/00*12 Aug low, congestion
R31.8155**Aug high S21.7700**congestion, 50%
R21.8100*Jul high, congestion S31.7630*18 Jun low
R11.8000*congestion S41.7600*congestion, 61.8%

Asterisk denotes strength of level

07:10 GMT - Turned up from test of the 1.7810/00 support as prices consolidate losses from the 1.8155 high of August. Bounce see prices unwinding the oversold intraday and daily studies but this is expected to give way to fresh selling pressure later. Lower will see room for deeper pullback to retrace the May/August rally to the strong support at 1.7700, July low and 50% Fibonacci level. Meanwhile, resistance is at the 1.7950/1.8000 congestion which is expected to cap and sustain losses from the 1.8100/1.8155, July/August highs.

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Topics
EUR/AUD-TA
DM-Technical
Technical Analysis

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