Published: 2025-12-04T08:04:05.000Z
Chart EUR/AUD Update: Under pressure, 1.7600/1.7565 lows at risk
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Pressure remains on the downside as prices extend pullback from the 1.7978 November high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7978 | ** | 25 Nov high | S1 | 1.7600 | ** | Sep low, congestion | |
| R3 | 1.7900 | * | 7 Nov high, congestion | S2 | 1.7565 | * | 3 Nov low | |
| R2 | 1.7800 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7700 | * | congestion | S4 | 1.7460 | * | Jun low |
Asterisk denotes strength of level
08:00 GMT - Pressure remains on the downside as prices extend pullback from the 1.7978 November high. Break of the 1.7700 level opens up room for deeper pullback to the strong support at the 1.7600 congestion then the 1.7565 , 3 November low. Below these will extend the broader losses from the 1.8160 August/October double top and see extension to support at the 1.7500/1.7460 area and 1.7400 congestion. Meanwhile, resistance is lowered to the 1.7700 level which is expected to cap and limit any corrective bounce.