Published: 2025-07-14T07:25:50.000Z
Chart EUR/AUD Update: Consolidating, room for lower later
Technical Analyst
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Edged up from the 1.7718 low as prices consolidate losses from the 1.8100 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7700 | ** | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | Jun high | S3 | 1.7460 | * | 10 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Edged up from the 1.7718 low as prices consolidate losses from the 1.8100 high of last week. Intraday studies have turned mixed at oversold areas but the downside remains vulnerable and threatens deeper pullback from the latter to retrace the May/July gains. Break of strong support at 1.7700 congestion will open up room to 1.7630 and 1.7460, the 18 and 10 June lows. Meanwhile, resistance at the 1.7900 level is expected to cap and limit any correctve bounce and sustain losses from the 1.8100 high.