Published: 2025-08-20T06:34:46.000Z
Chart EUR/AUD Update: Extending gains, but stretched
Technical Analyst
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Break above the 1.8000 level has seen gains to approach the 1.8100, July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8400 | * | congestion | S1 | 1.8000 | * | congestion | |
| R3 | 1.8245 | * | 76.4% Apr/May fall | S2 | 1.7945 | * | 7 Aug high | |
| R2 | 1.8200 | * | figure | S3 | 1.7810/00 | ** | 12 Aug low, congestion | |
| R1 | 1.8100 | ** | Jul high | S4 | 1.7700 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Break above the 1.8000 level has seen gains to approach the 1.8100, July high. Reaction here can be expected as the intraday and daily studies are overbought and caution corrective pullback. A later clearance will extend broader gains from the May low at 1.7250 and see room to the 1.8200 level and 1.8245, 76.4% Fibonacci level. Meanwhile, support is raised to the 1.8000 congestion which extend to the 1.7945, 7 August high, which is expected to underpin and limit corrective pullback.