Published: 2025-10-28T07:48:34.000Z
Chart EUR/AUD Update: Consolidating at 1.7740 low, room for lower later
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Steady in range from the 1.7740 low as prices consolidate losses from the 1.8160 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8160 | ** | Aug, 17 Oct highs | S1 | 1.7700 | * | congestion | |
| R3 | 1.8100 | * | Jul high | S2 | 1.7600/70 | ** | congestion, 9 Oct low | |
| R2 | 1.8000 | * | figure | S3 | 1.7500 | * | congestion | |
| R1 | 1.7900 | * | congestion | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
07:45 GMT - Steady in range from the 1.7740 low as prices consolidate losses from the 1.8160 high and unwind oversold intraday studies. However, the daily and weekly studies are tracking lower and suggest consolidation giving way to fresh selling pressure later. Lower will see room to the 1.7700 congestion. Below this turn focus to support at the 1.7600/1.7570 congestion and 9 October low. Meanwhile, resistance is lowered to the 1.7900 congestion which is expected to cap and sustain losses from resistance at the 1.8100 and 1.8160 highs.