Published: 2025-08-19T07:35:19.000Z
Chart EUR/AUD Update: Pressuring 1.8000 level
Technical Analyst
1
Range-bound in consolidation below the 1.8000 level but pressure building on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7800 | * | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7700 | ** | congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.7950 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Range-bound in consolidation below the 1.8000 level but pressure building on the upside and scope seen for break here to extend choppy gains from the 1.7800 level. Clearance here with extend broader gains from the 1.7700 support and open up the July high at 1.8100 to retest. Meanwhile, support at 1.7800 congestion should underpin and limit corrective pullback. Break here will open up room for retest of the July low at 1.7700 support and see scope for deeper pullback to retrace the May/July rally.