Published: 2025-10-31T07:50:50.000Z
Chart EUR/AUD Update: Range-bound in consolidation
1
Higher in range from test of 1.7600/1.7570 September/October range lows as prices consolidate losses from the 1.8160 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8000 | * | figure | S1 | 1.7600 | * | congestion | |
| R3 | 1.7900 | * | congestion | S2 | 1.7570 | * | 9 Oct low | |
| R2 | 1.7800 | * | 23 Oct low, congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7700 | * | congestion | S4 | 1.7460/00 | * | Jun low, congestion |
Asterisk denotes strength of level
07:45 GMT - Higher in range from test of 1.7600/1.7570 September/October range lows as prices consolidate losses from the 1.8160 high. Bounce here see prices unwinding oversold intraday and daily studies but the downside remains vulnerable. Break here will confirm a double top at the August/October highs and open up room for deeper pullback to retrace gains from the May low. Lower will see room to the 1.7500/1.7460, congestion and June low, and the 1.7400 level. Meanwhile, resistance at the 1.7700/1.7800 congestion is expected to cap and sustain losses from 1.8100/1.8160 highs.