Published: 2025-10-24T07:45:59.000Z
Chart EUR/AUD Update: Consolidating at 1.7800, room for lower later
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Consolidating test of support at the 1.7800 congestion as prices unwind the oversold intraday studies
| 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
07:45 GMT - Consolidating test of support at the 1.7800 congestion as prices unwind the oversold intraday studies. However, pressure remains on the downside and is expected to give way to renewed selling pressure later to extend pullback from the 1.8160 resistance. Lower will see room to 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 is expected to cap and sustain losses from resistance at the 1.8100 and 1.8160 highs.