Published: 2025-06-23T07:46:29.000Z
Chart EUR/AUD Update: Extend gains from the May low
Technical Analyst
3
Extending gains from the 1.7250 May low and break above 1.7900 see prices extending choppy gains to retrace the April/May losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7700 | * | congestion | |
| R3 | 1.8100 | * | congestion | S2 | 1.7600 | * | congestion | |
| R2 | 1.8055 | * | 61.8% Apr/May fall | S3 | 1.7460 | ** | 10 Jun low | |
| R1 | 1.8000 | ** | figure, congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Extending gains from the 1.7250 May low and break above 1.7900 see prices extending choppy gains to retrace the April/May losses. Clear break above the 1.7900, congestion and 50% Fibonacci level, see room to the strong resistance at 1.8000 and 1.8055, 61.8% Fibonacci level. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is at the 1.7700/1.7600 congestion area. Would take break here to open up room for retest of strong support at 1.7460/1.7400 area. Below this will return focus to 1.7250, May low.