Published: 2025-04-04T07:06:49.000Z
Chart EUR/AUD Update: Sharp rally to 1.7800 figure
Technical Analyst
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Sharply higher to reach 1.7800 figure as prices extend break of the 1.7418, March high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8125 | * | 1 Apr 2020 high | S1 | 1.7525 | * | 3 Apr high | |
| R3 | 1.8010 | ** | 20 Mar 2020 low | S2 | 1.7418 | * | Mar high | |
| R2 | 1.7836 | * | 25 Mar 2020 low | S3 | 1.7300 | * | congestion | |
| R1 | 1.7800 | * | figure | S4 | 1.7185 | ** | Aug 2024 year high |
Asterisk denotes strength of level
06:50 GMT - Sharply higher to reach 1.7800 figure as prices extend break of the 1.7418, March high. Consolidation see prices unwinding the overbought intraday studies but further gains not ruled out as daily studies continues to track higher. Above 1.7800 will see room to extend the broad gains from the 2022 year low and see room to the 1.8000 figure. Meanwhile, support is raised to the 1.7525 which extend to the 1.7418, March high. This area is expected to underpin and sustain gains from the 1.7050 low.