Published: 2025-08-27T07:31:03.000Z
Chart EUR/AUD Update: Under pressure
Technical Analyst
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Weighing on the 1.7900 level as prices extend pullback from the 1.8155 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7900 | * | congestion | |
| R3 | 1.8155 | ** | 21 Aug high | S2 | 1.7810/00 | * | 12 Aug low, congestion | |
| R2 | 1.8100 | * | Jul high, congestion | S3 | 1.7700 | ** | congestion | |
| R1 | 1.8000 | * | congestion | S4 | 1.7630 | * | 18 Jun low |
Asterisk denotes strength of level
07:30 GMT - Weighing on the 1.7900 level as prices extend pullback from the 1.8155 high of last week. Negative daily studies suggest scope for break lower to open up room for deeper pullback to the 1.7830/00, channel support from the May low and congestion area. Below this will return focus to strong support at 1.7700, July low. Meanwhile, resistance is lowered to the 1.8000 level which is expected to cap. Break here needed to expose the 1.8100/1.8155, July and 21 August highs to retest.