Published: 2025-08-21T07:44:19.000Z
Chart EUR/AUD Update: Extending gains
Technical Analyst
1
Break of the 1.8000 level has seen rally through the 1.8100 July high to extend gains from the 1.7250, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8555 | ** | 9 Apr YTD high | S1 | 1.8100 | * | Jul high | |
| R3 | 1.8400 | * | congestion | S2 | 1.8000 | * | congestion | |
| R2 | 1.8245 | * | 76.4% Apr/May fall | S3 | 1.7945 | * | 7 Aug high | |
| R1 | 1.8200 | * | figure | S4 | 1.7810/00 | ** | 12 Aug low, congestion |
Asterisk denotes strength of level
07:40 GMT - Break of the 1.8000 level has seen rally through the 1.8100 July high to extend gains from the 1.7250, May low. Higher will see room to the 1.8200 level then the 1.8245, 76.4% Fibonacci level. However, daily studies are overbought and caution corrective pullback. Meanwhile, support is raised to the 1.8100/1.8000 congestion area which should underpin. Would take break here to fade the upside pressure and see room for pullback to the 1.7800 and 1.7700 supports.