Published: 2025-05-07T06:25:56.000Z
Chart EUR/AUD Update: Steadied at 1.7415/1.7365 support
Technical Analyst
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Steadied at the 1.7415/1.7365 support as prices consolidate losses from the 1.8000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8000 | * | congestion | S1 | 1.7415 | * | Mar high | |
| R3 | 1.7885 | * | 29 Apr high | S2 | 1.7365 | * | 1 Apr high | |
| R2 | 1.7700 | ** | 10 Apr low | S3 | 1.7200 | * | congestion | |
| R1 | 1.7600 | * | congestion | S4 | 1.7185 | ** | Aug 2024 year high |
Asterisk denotes strength of level
06:20 GMT - Steadied at the 1.7415/1.7365 support as prices consolidate losses from the 1.8000 level and unwinding oversold intraday and daily studies. Bounce see resistance starting at 1.7600 congestion then the 1.7700 previous range low which is expected to cap corrective bounce and give way to renewed selling pressure later. Break of the 1.7415/1.7365 support will see deeper pullback to retrace the November/April rally and see room to the 1.7200/1.7185, congestion and 2024 year high. Lower still, will see extension to 1.7050 support.