Published: 2025-06-27T07:16:52.000Z
Chart EUR/AUD Update: Drfting in range below 1.8000
Technical Analyst
1
Little change, as prices drifts narrowly in consolidation beneath the 1.8000 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7805 | * | 23 Jun low | |
| R3 | 1.8100 | * | congestion | S2 | 1.7700 | * | congestion | |
| R2 | 1.8055 | * | 61.8% Apr/May fall | S3 | 1.7600 | * | congestion | |
| R1 | 1.8000 | ** | figure, congestion | S4 | 1.7460 | ** | 10 Jun low |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices drifts narrowly in consolidation beneath the 1.8000 figure. Daily studies are overbought and suggest further gains likely to remain limited with resistance at 1.8000/55, congestion and 61.8% Fibonacci level expected to cap. Meanwhile, support is at 1.7805, Monday's range low. Would take break here to open up room for pullback to retrace choppy gains from the 1.7250, May low. Lower will see room to support at the 1.7700/1.7600 congestion area. Above 1.8000/55 resistance will see room to 1.8100 and 1.8245, 76.4% Fibonacci level.