Published: 2025-09-03T06:50:02.000Z
Chart EUR/AUD Update: Consolidating above 1.7810/00 support
Technical Analyst
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Drifting within a narrow range above the 1.7810/00 support as prices consolidate losses from the 1.8155 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8200 | congestion | S1 | 1.7810/00 | * | 12 Aug low, congestion | ||
| R3 | 1.8155 | ** | 21 Aug high | S2 | 1.7700 | ** | congestion, 50% | |
| R2 | 1.8100 | * | Jul high, congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.8000 | * | congestion | S4 | 1.7600 | * | congestion, 61.8% |
Asterisk denotes strength of level
06:50 GMT - Drifting within a narrow range above the 1.7810/00 support as prices consolidate losses from the 1.8155 high of August and unwind oversold intraday and daily studies. However, negative weekly studies suggest this giving way to fresh selling pressure later and lower will see room for deeper pullback to retrace the May/August rally. Below the 1.7810/00 area see extension to retest strong support at 1.7700, July low and 50% Fibonacci level. Meanwhile, resistance is at the 1.8000 level is expected to cap and sustain losses from the 1.8100/1.8155, July and 21 August highs.