Published: 2025-07-23T07:18:15.000Z
Chart EUR/AUD Update: Turned lower to retrace May/July rally
Technical Analyst
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Met with selling pressure beneath resistance at the 1.8000 congestion as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8400 | * | congestion | S1 | 1.7800 | * | congestion | |
| R3 | 1.8245 | * | 76.4 Apr/May fall | S2 | 1.7720/00 | ** | 11 Jul low, congestion | |
| R2 | 1.8100 | ** | 7 Jul high | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.8000 | * | Jun high | S4 | 1.7460 | * | 10 Jun low |
Asterisk denotes strength of level
07:15 GMT - Met with selling pressure beneath resistance at the 1.8000 congestion as prices unwind overbought intraday studies following choppy gains from the 1.7720 low of last week. Pullback see room to retest the 1.7800 support and break here will expose strong support at the 1.7720/00 area to retest. Below the latter will open up room for deeper pullback to retrace the choppy May/July gains to the 1.7630 then 1.7460/00, 10 June low and congestion. Meanwhile, resistance at the 1.8000 and 1.8100, June and 7 July highs, now expected to cap.