Published: 2025-11-19T08:08:42.000Z
Chart EUR/AUD Update: Consolidating, lower later
-
Extend consolidation around the 1.7800 level following bounce from the 1.7600/1.7565 lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8250 | * | 76.4% Apr/May fall | S1 | 1.7700 | * | congestion | |
| R3 | 1.8160 | ** | Aug, Oct highs | S2 | 1.7600 | ** | congestion | |
| R2 | 1.8000 | * | figure | S3 | 1.7565 | * | 3 Nov low | |
| R1 | 1.7900 | ** | 7 Nov high | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
08:00 GMT - Extend consolidation around the 1.7800 level following bounce from the 1.7600/1.7565 lows. Gains are seen retracing pullback from the 1.8160 October high which is expected to give way to fresh selling pressure later. Lower will see room for retest of the 1.7700 congestion then the 1.7600/1.7565 lows. Break here will extend losses from the 1.8160 high and see room to support at the 1.7500/1.7460 area and 1.7400 congestion. Meanwhile, resistance at the 1.7900 level and the 1.8000 figure are expected to cap.