Published: 2025-09-09T07:28:12.000Z
Chart EUR/AUD Update: Weighing on the 1.7810/00 support
Technical Analyst
-
Extending consolidation above the 1.7810/00 support but limited bounce keep pressure on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8200 | congestion | S1 | 1.7810/00 | * | 12 Aug low, congestion | ||
| R3 | 1.8155 | ** | Aug high | S2 | 1.7700 | ** | congestion, 50% | |
| R2 | 1.8100 | * | Jul high, congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.8000 | * | congestion | S4 | 1.7600 | * | congestion, 61.8% |
Asterisk denotes strength of level
07:20 GMT - Extending consolidation above the 1.7810/00 support but limited bounce keep pressure on the downside and see scope for break here to extend losses from the 1.8155 high of August. Dai;ly and weekly studies are tracking lower and see room for deeper pullback to retrace the May/August rally. Break will see room to the strong support at 1.7700, July low and 50% Fibonacci level. Meanwhile, resistance is at the 1.7950/1.8000 congestion is expected to cap and sustain losses from the 1.8100/1.8155, July/August highs.