Published: 2025-12-05T06:50:29.000Z
Chart EUR/AUD Update: Down to pressure 1.7600/1.7565 lows
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Under pressure as prices extend pullback from the 1.7978 November high to reach support at the 1.7600/1.7565
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7978 | ** | 25 Nov high | S1 | 1.7600 | ** | Sep low, congestion | |
| R3 | 1.7900 | * | 7 Nov high, congestion | S2 | 1.7565 | * | 3 Nov low | |
| R2 | 1.7800 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7700 | * | congestion | S4 | 1.7460 | * | Jun low |
Asterisk denotes strength of level
06:45 GMT - Under pressure as prices extend pullback from the 1.7978 November high to reach support at the 1.7600/1.7565, Seotember and November lows. Daily and weekly studies are tracking lower and suggest scope for break here to extend the broader losses from the 1.8160 August/October double top. Lower will see room for extension to support at the 1.7500/1.7460 area and 1.7400 congestion. Meanwhile, resistance is lowered to the 1.7700 level which is expected to cap corrective bounce and sustain losses from November high.