Published: 2025-10-14T07:40:00.000Z
Chart EUR/AUD Update: Back to pressure 1.7930/50 highs
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Volatile trade around the 1.7800 level has given way to renewed buying pressure to retest the 1.7930/50 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8157 | ** | Aug high | S1 | 1.7800 | * | congestion | |
| R3 | 1.8100 | * | Jul high | S2 | 1.7700 | * | congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7600 | ** | congestion, 61.8% | |
| R1 | 1.7950 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Volatile trade around the 1.7800 level has given way to renewed buying pressure to retest the 1.7930/50 highs. Positive daily studies suggest scope for break here to open up room for extension to retest the 1.8000 level. Clearance here will return focus to the 1.8100/1.8157, July and August highs. Meanwhile, support at the 1.7800/1.7700 area should underpin. Would take break here to return focus to the downside for retest of the 1.7600 level and 61.8% Fibonacci level.