Published: 2025-10-15T07:15:02.000Z
Chart EUR/AUD Update: Consolidating retest of 1.7930/50 highs
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Consolidating retest of resistance at the 1.7930/50 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8157 | ** | Aug high | S1 | 1.7800 | * | congestion | |
| R3 | 1.8100 | * | Jul high | S2 | 1.7700 | * | congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7600 | ** | congestion, 61.8% | |
| R1 | 1.7950 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Consolidating retest of resistance at the 1.7930/50 highs with positive daily and weekly studies suggesting scope for break here to open up room for extension to retest the 1.8000 level. Clearance here will return focus to the 1.8100/1.8157 July and August highs where reaction can be expected to unwind overbought daily studies. Meanwhile, support at the 1.7800/1.7700 area should underpin. Would take break here to return focus to the downside for retest of the 1.7600 level and 61.8% Fibonacci level.