Published: 2025-09-18T07:41:11.000Z
Chart EUR/AUD Update: Extending corrective bounce from 1.7600
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Extend bounce from support at the 1.7600 congestion and 61.8% Fibonacci level as prices unwind the oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8100 | * | Jul high | S1 | 1.7700 | * | congestion | |
| R3 | 1.8000 | * | congestion | S2 | 1.7600 | ** | congestion, 61.8% | |
| R2 | 1.7900/10 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 4 Sep low | S4 | 1.7465 | * | 76.4% May/Aug rally |
Asterisk denotes strength of level
07:40 GMT - Extend bounce from support at the 1.7600 congestion and 61.8% Fibonacci level as prices unwind the oversold daily studies. Gains are seen correcting losses from the 1.8155, August high and break above 1.7800 congestion will see room to the 1.7900/10 congestion area. Gains are expected to give way to renewed selling pressure later to test the 1.7600 low and where break will open up room for deeper pullback to 1.7500 level and 1.7465, 76.4% Fibonacci level. Below this will see room to strong support at 1.7400.