Published: 2025-07-25T06:55:27.000Z
Chart EUR/AUD Update: Consolidating
Technical Analyst
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Limited on break below the 1.7800 as prices tracks higher within the rising channel from the May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7800 | congestion | ||
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7720/00 | ** | 11 Jul low, congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7460 | * | 10 Jun low |
Asterisk denotes strength of level
06:45 GMT - Limited on break below the 1.7800 as prices tracks higher within the rising channel from the May low. However, negative daily studies suggest scope for break here to open up room for retest of strong support at the 1.7720/00 area. Below this will further retrace the choppy May/July rally and see extension to 1.7630 support. Lower still, will open up room for extension to 1.7460/00, 10 June low and congestion. Meanwhile, resistance at the 1.7900 congestion now expected to cap and sustain losses from 1.7975, Tuesday's high.