Published: 2025-04-03T06:40:18.000Z
Chart EUR/AUD Update: Back to retest 1.7418, March YTD high
Technical Analyst
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Sharply higher to extend bounce from the mid-week 1.7112 low to retest the 1.7418, March YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7690 | * | 61.8% 2020/2022 fall | S1 | 1.7200/85 | * | congestion, Aug 2024 year high | |
| R3 | 1.7550 | * | 7 Apr 2020 low | S2 | 1.7112 | * | 2 Apr low | |
| R2 | 1.7505 | * | 9 Apr 2020 high | S3 | 1.7050 | ** | 26 Mar low | |
| R1 | 1.7400/18 | ** | congestion, 11 Mar YTD high | S4 | 1.7000 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Sharply higher to extend bounce from the mid-week 1.7112 low to retest the 1.7418, March YTD high. Consolidation here likely to unwind overbought intraday studies though potential is for break later to extend the broad gains from the 2022 year low. Clearance will see scope to further retrace the 2020/2022 losses and see scope to target 1.7505 and 1.7550 resistance. Meanwhile, support is raised to the 1.7200/1.7185 congestion and August 2024 year high which is expected to underpin and sustain bounce from the 1.7050 low of last week.