Published: 2025-11-11T07:18:57.000Z
Chart EUR/AUD Update: Consolidating, scope for lower to retest 1.7600/1.7570
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Edged up from the 1.7675 low as prices consolidate pullback from the 1.7900 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8160 | ** | Aug, Oct highs | S1 | 1.7600 | * | congestion | |
| R3 | 1.8000 | * | figure | S2 | 1.7570 | * | 9 Oct low | |
| R2 | 1.7900 | ** | 7 Nov high | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 23 Oct low, congestion | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
07:15 GMT - Edged up from the 1.7675 low as prices consolidate pullback from the 1.7900 high. While the latter caps, scope is seen for deeper pullback to retest support at the 1.7600 congestion and 1.7570 low. Daily and weekly studies are tracking lower from overbought areas and suggest room for break here to confirm a double top at the August/October highs. Lower will see room for deeper pullback to retrace gains from the May low to the 1.7500/1.7460, congestion and June low. Meanwhile, resistance at the 1.7800/1.7900 area are expected to cap and sustain losses from 1.8160 high.