Published: 2025-10-22T07:24:26.000Z
Chart EUR/AUD Update: Extending pullback from 1.8160 high
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Extending pullback from retest of the 1.8160 August high to approach the 1.7800 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8290 | * | 4 Apr high | S1 | 1.7800 | * | congestion | |
| R3 | 1.8160 | ** | Aug, 17 Oct highs | S2 | 1.7700 | * | congestion | |
| R2 | 1.8100 | * | Jul high | S3 | 1.7600 | * | congestion | |
| R1 | 1.8000 | * | figure | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
07:20 GMT - Extending pullback from retest of the 1.8160 August high to approach the 1.7800 congestion. Prices are unwinding the overbought intraday and daily studies and highlights risk for break here to open up room for deeper pullback to support at the 1.7700/1.7600 congestion area and 1.7570 low. Below these will further retrace gains from the 1.7250, May low. Meanwhile, resistance is at 1.8000 level which should cap and sustain losses from resistance at the 1.8100 and 1.8160 highs.