Published: 2025-08-07T07:11:07.000Z
Chart EUR/AUD Update: Limited gains above 1.7900
Technical Analyst
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Little change, as prices extend consolidation around the 1.7900 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7800 | * | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7700 | ** | congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation around the 1.7900 level following bounce from the 1.7700 congestion. Prices are unwinding oversold daily readings but the narrow range suggest ranging action likely to extend below the 1.8000 resistance. Lower high sought to further pressure the downside later and break of the 1.7700 support will see room for deeper pullback to retrace choppy gains from the May low. Lower will open up room to the 1.7630 support and 1.7500 congestion.