Published: 2025-07-24T06:36:34.000Z
Chart EUR/AUD Update: Under pressure, focus on 1.7720/00 support
Technical Analyst
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Extending rejection from beneath the 1.8000 congestion as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8400 | * | congestion | S1 | 1.7800 | * | congestion | |
| R3 | 1.8245 | * | 76.4 Apr/May fall | S2 | 1.7720/00 | ** | 11 Jul low, congestion | |
| R2 | 1.8100 | ** | 7 Jul high | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.8000 | * | Jun high | S4 | 1.7460 | * | 10 Jun low |
Asterisk denotes strength of level
06:30 GMT - Extending rejection from beneath the 1.8000 congestion as prices unwind overbought intraday studies. Daily studies have turned negative as well with prices extending to retest the 1.7800 support. Break here will turn focus to the strong support at the 1.7720/00 area. Below the latter will further retrace the choppy May/July gains to support at 1.7630 then 1.7460/00, 10 June low and congestion. Meanwhile, resistance at the 1.7900 congestion now expected to cap and sustain losses from Tuesday's 1.7975 high.