Published: 2025-09-05T07:11:08.000Z
Chart EUR/AUD Update: Consolidating test of 1.7810/00 support
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Turned up from test of the 1.7810/00 support as prices consolidate losses from the 1.8155 high of August
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8200 | congestion | S1 | 1.7810/00 | * | 12 Aug low, congestion | ||
| R3 | 1.8155 | ** | Aug high | S2 | 1.7700 | ** | congestion, 50% | |
| R2 | 1.8100 | * | Jul high, congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.8000 | * | congestion | S4 | 1.7600 | * | 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.