Published: 2025-11-17T07:58:14.000Z
Chart EUR/AUD Update: Consolidating, room for lower later
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Little change, as prices extend consolidation at the 1.7800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8160 | ** | Aug, Oct highs | S1 | 1.7600 | * | congestion | |
| R3 | 1.8000 | * | figure | S2 | 1.7570 | * | 9 Oct low | |
| R2 | 1.7900 | ** | 7 Nov high | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 23 Oct low, congestion | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
07:50 GMT - Little change, as prices extend consolidation at the 1.7800 level following bounce from the above the 1.7600 level last week. Lack of direction see further ranging action above the latter as prices consolidate pullback from the 1.8160, October high. However, this is expected to give way to fresh selling pressure later and see room for retest of the 1.7600 congestion and 1.7570 low. lower will see extension to support at 1.7500/1.7460, congestion and June low. Meanwhile, resistance at the 1.7800/1.7900 area are expected to cap.