Published: 2025-12-09T07:27:54.000Z
Chart EUR/AUD Update: Under pressure
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Break of the 1.7600 level see prices extending pullback from the 1.8160, August/October double top
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7978 | ** | 25 Nov high | S1 | 1.7500 | * | congestion | |
| R3 | 1.7900 | * | 7 Nov high, congestion | S2 | 1.7460 | * | Jun low | |
| R2 | 1.7800 | * | congestion | S3 | 1.7400 | * | congestion | |
| R1 | 1.7700 | * | congestion | S4 | 1.7250 | ** | May low |
Asterisk denotes strength of level
07:25 GMT - Break of the 1.7600 level see prices extending pullback from the 1.8160, August/October double top. Lower will see room for extension to support at the 1.7500/1.7460 area where oversold daily studies could prompt corrective bounce. However, bearish momentum suggest potential for break later to open up room for extension to the 1.7400 congestion. Below here will turn focus to the 1.7250, May low. Meanwhile, resistance is lowered to the 1.7600/1.7700 congestion area which is expected to cap and sustain losses from November high.