Published: 2025-11-12T07:37:39.000Z
Chart EUR/AUD Update: Range-bound in consolidation, room for lower later
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Edged up in range 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
07:35 GMT - Edged up in range from the 1.7675 low as prices consolidate pullback from the 1.7900 high. Consolidation here expected to give way to fresh selling pressure later, lower will see room for deeper pullback to retest support at the 1.7600 congestion and 1.7570 low. Daily and weekly studies have turned down from overbought areas and suggest scope for break here to confirm a double top at the August/October highs. Lower will see room to support at the 1.7500/1.7460, congestion and June low. Meanwhile, resistance at the 1.7800/1.7900 area are expected to cap.