Published: 2025-03-10T07:17:53.000Z
Chart EUR/AUD Update: Lower in range from 1.7270, fresh year high
Technical Analyst
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No follow-through on break above the 2024 year high at 1.7185 as price settled back from fresh high at 1.7270
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7350 | * | 16 Apr 2020 high | S1 | 1.7065 | * | Aug 2023 year high | |
| R3 | 1.7320 | * | 21 Apr 2020 high | S2 | 1.7000 | * | 4 Mar high, congestion | |
| R2 | 1.7270 | ** | 7 Mar YTD high | S3 | 1.6900 | * | congestion | |
| R1 | 1.7185 | * | Aug 2024 year high | S4 | 1.6800 | * | Dec high, congestion |
Asterisk denotes strength of level
07:15 GMT - No follow-through on break above the 2024 year high at 1.7185 as price settled back from fresh high at 1.7270. Pullback see prices unwinding the overbought daily studies and see room to correct strong gains from the February YTD low at 1.6360. Support is raised to the 1.7065/1.7000 area which now underpin. Break here will open up room for deeper correction to the 1.6900/1.6800 congestion area. Meanwhile, resistance are at the 1.7185 and 1.7270 highs. Break of these will open up room for further gains to retrace the 2020/2022 losses.