Published: 2025-09-11T06:55:42.000Z
Chart EUR/AUD Update: Consolidating retest of 1.7700/1.7675, July lows
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Break of the 1.7800 level extend sharp losses from the 1.8155 high of August to retest the 1.7700/1.7675, July low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8100/55 | ** | Jul/Aug highs | S1 | 1.7630 | * | 18 Jun low | |
| R3 | 1.8000 | * | congestion | S2 | 1.7600 | * | congestion, 61.8% | |
| R2 | 1.7900/10 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 4 Sep low | S4 | 1.7465 | * | 76.4% May/Aug rally |
Asterisk denotes strength of level
06:50 GMT - Break of the 1.7800 level extend sharp losses from the 1.8155 high of August to retest the 1.7700/1.7675, July low. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to fresh selling interest later. Daily and weekly studies are tracking lower and break will further retrace the May/August rally and see room to the strong support at 1.7630/1.7600, area and 61.8% Fibonacci level. Meanwhile, resistance is lowered to the 1.7800 level which is expected to cap and sustain losses from the 1.8100/1.8155, July/August highs.