Published: 2025-10-06T07:15:54.000Z
Chart EUR/AUD Update: Under pressure
1
Consolidation within the 1.7700/1.7800 area has met with fresh selling pressure to extend pullback from the 1.7932 high.
| 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 | 1.7900/32 | ** | congestion, 23 Sep high | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 4 Sep low | S4 | 1.7465 | * | 76.4% May/Aug rally |
Asterisk denotes strength of level
07:10 GMT - Consolidation within the 1.7700/1.7800 area has met with fresh selling pressure to extend pullback from the 1.7932 high. Below the 1.7700 level will see deeper pullback to retrace the May/August rally and see extension to 1.7600 congestion and 61.8% Fibonacci level. Break of the latter will open up room to 1.7500 congestion then 1.7465, 76.4% Fibonacci level. Below this will see room to strong support at 1.7400 level. Meanwhile, resistance at the 1.7800 congestion now expected to cap and sustain losses from 1.7932 high.