Published: 2025-08-01T07:10:20.000Z
Chart EUR/AUD Update: Consolidating at 1.7700 support
Technical Analyst
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Limited break of the 1.7700 level see prices edging up to consolidate losses from the 1.8100 swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7700 | ** | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | congestion | S3 | 1.7460 | * | 10 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Limited break of the 1.7700 level see prices edging up to consolidate losses from the 1.8100 swing high. Consolidation see prices unwinding the oversold intraday and daily studies but the narrow range keeps prices drifting within a narrow range. Would take break of the 1.7700 level to open up room for deeper pullback to retrace the May/July rally to the 1.7630/00 support. Meanwhile, resistance is at the 1.7800/1.7900 congestion which is expected to cap and sustain pullback from the 1.8100 high.