Published: 2025-08-28T07:04:03.000Z
Chart EUR/AUD Update: Extend pullback from 1.8155 high
Technical Analyst
1
Under pressure as prices extend pullback from the 1.8155 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8155 | ** | 21 Aug high | S1 | 1.7810/00 | * | 12 Aug low, congestion | |
| R3 | 1.8100 | * | Jul high, congestion | S2 | 1.7700 | ** | congestion, 50% | |
| R2 | 1.8000 | * | congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7600 | * | congestion, 61.8% |
Asterisk denotes strength of level
07:00 GMT - Under pressure as prices extend pullback from the 1.8155 high of last week. Negative daily studies weighs and break of the 1.7900 level opens up room for deeper pullback to retrace the May/August rally towards support at the 1.7810/00 area. Below this will see room for extension to retest strong support at 1.7700, July low and 50% Fibonacci level. Meanwhile, resistance is lowered to the 1.7900 level which is expected to cap and sustain losses from the 1.8100/1.8155, July and 21 August highs.