Published: 2025-10-16T06:29:29.000Z
Chart EUR/AUD Update: Consolidating test of 1.8000 resistance
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Break of the 1.7930/50 highs see prices extending bounce from the 1.7600 support to reach the 1.8000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8200 | figure | S1 | 1.7800 | * | congestion | ||
| R3 | 1.8157 | ** | Aug high | S2 | 1.7700 | * | congestion | |
| R2 | 1.8100 | * | Jul high | S3 | 1.7600 | ** | congestion, 61.8% | |
| R1 | 1.8000 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
06:25 GMT - Break of the 1.7930/50 highs see prices extending bounce from the 1.7600 support to reach the 1.8000 level. Positive daily and weekly studies suggest consolidation here expected to give way to further gains later. Clearance will open up room for retest of the 1.8100/1.8157 July and August highs and where reaction can be expected. Meanwhile, support at the 1.7800/1.7700 area should underpin. Would take break here to return focus to the downside for retest of the 1.7600 level and 61.8% Fibonacci level.