Published: 2025-10-29T06:39:39.000Z
Chart EUR/AUD Update: Under pressure, 1.7600/1.7570 support at risk
1
Sharply lower to extend rejection from the 1.8160 highs to retest range lows at 1.7600/1.7570
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8000 | * | figure | S1 | 1.7600 | * | congestion | |
| R3 | 1.7900 | * | congestion | S2 | 1.7570 | * | 9 Oct low | |
| R2 | 1.7800 | * | 23 Oct low, congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7700 | * | congestion | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
06:30 GMT - Sharply lower to extend rejection from the 1.8160 highs to retest range lows at 1.7600/1.7570. Break here will confirm a double top at the August/October highs and see deeper pullback to retrace gains from the May low. Lower will see extension to 1.7500/1.7460, congestion and June low, and the 1.7400 level. Meanwhile, resistance is lowered to the 1.7700/1.7800 congestion area which is expected to cap and sustain losses from resistance at the 1.8100 and 1.8160 highs.