Published: 2025-07-02T07:36:03.000Z
Chart EUR/AUD Update: Still firm above 1.7805 support
Technical Analyst
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Little change, as prices extend consolidation beneath the 1.8000 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7805 | * | 23 Jun low | |
| R3 | 1.8100 | * | congestion | S2 | 1.7700 | * | congestion | |
| R2 | 1.8055 | * | 61.8% Apr/May fall | S3 | 1.7600 | * | congestion | |
| R1 | 1.8000 | ** | figure, congestion | S4 | 1.7460 | ** | 10 Jun low |
Asterisk denotes strength of level
07:35 GMT - Little change, as prices extend consolidation beneath the 1.8000 figure. Bullish gains from the May low keeps focus on the upside but overbought daily studies suggest further gains likely to remain limited with resistance at 1.8000/55, congestion and 61.8% Fibonacci level, expected to cap. Clearance will see extension to 1.8100 level. Meanwhile, support is at 1.7805, Monday's range low. Would take break here to open up room for deeper retracement of gains from the 1.7250 May low and see room to support at the 1.7700/1.7600 congestion area.