Published: 2025-08-22T07:01:06.000Z
Chart EUR/AUD Update: Lower in consolidation
Technical Analyst
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Limited on break of the 1.8100 July high as prices consolidate gains from the 1.7675, July low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8400 | * | congestion | S1 | 1.8000 | * | congestion | |
| R3 | 1.8245 | * | 76.4% Apr/May fall | S2 | 1.7945 | * | 7 Aug high | |
| R2 | 1.8200 | * | figure | S3 | 1.7810/00 | ** | 12 Aug low, congestion | |
| R1 | 1.8100 | * | Jul high, congestion | S4 | 1.7700 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Limited on break of the 1.8100 July high as prices consolidate gains from the 1.7675, July low. Overbought daily studies caution corrective pullback and lower will see room to the 1.8000 congestion then 1.7945, 7 August high. Would take break of these to fade the upside pressure and see room for pullback to the 1.7800 congestion and channel support from the May low. Meanwhile, resistance at 1.8100 July high is expected to cap. Break here needed to further extend bullish gains from the May low to target 1.8200 and 1.8245, 76.4% Fibonacci level.