Published: 2025-08-14T07:53:32.000Z
Chart EUR/AUD Update: Extending consolidation above 1.7800
Technical Analyst
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Little change, as prices extend consolidation above support at the 1.7800 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 | 1.7950 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Little change, as prices extend consolidation above support at the 1.7800 level following bounce from the 1.7700 congestion. The narrow range suggest ranging action likely to extend below resistance at 1.7950/1.8000 area. Clearance here is needed to open up the July high at 1.8100 to retest. Meanwhile, support at 1.7800 congestion extending to the 1.7700 level should underpin and limit corrective pullback. Break of these will fade the upside bias and leave the way open for pullback to 1.7600 support.