Published: 2025-12-03T06:59:51.000Z
Chart EUR/AUD Update: Under pressure
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Under pressure, as prices extend pullback from the 1.7980 November high to reach the 1.7700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8160 | ** | Aug, Oct highs | S1 | 1.7700 | * | congestion | |
| R3 | 1.8000 | * | figure | S2 | 1.7600 | ** | Sep low, congestion | |
| R2 | 1.7900 | ** | 7 Nov high, congestion | S3 | 1.7565 | * | 3 Nov low | |
| R1 | 1.7800 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Under pressure, as prices extend pullback from the 1.7980 November high to reach the 1.7700 level. Break here will open up room for deeper pullback to the strong support at the 1.7600 congestion then the 1.7565 , 3 November low. Break of the latter 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 1.7800 level which is expected to cap and limit any corrective bounce.