Published: 2025-08-05T07:23:39.000Z
Chart EUR/AUD Update: Extend consolidation above 1.7700 support
Technical Analyst
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Turned up from the 1.7700 level as prices consolidate losses from the 1.8100 swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7700 | ** | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Turned up from the 1.7700 level as prices consolidate losses from the 1.8100 swing high and unwind the oversold intraday and daily studies. The lack of momentum suggest ranging action likely to extend below the 1.7900/1.8000 resistance and lower high sought to further pressure the 1.7700 support later. Break here will extend pullback from the 1.8100 swing high and see deeper retracement of the choppy gains from the May low. Lower will see room to the 1.7630 and 1.7500 congestion.