Published: 2025-08-15T07:43:11.000Z
Chart EUR/AUD Update: Higher in choppy trade to retest 1.7950/75 highs
Technical Analyst
-
Extending choppy trade above the 1.7800 level to retest the 1.7950/75 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7800 | * | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7700 | ** | congestion | |
| R2 | 1.8000 | * | congestion | S3 | 1.7630 | * | 18 Jun low | |
| R1 | 1.7950 | * | congestion | S4 | 1.7500 | * | congestion |
Asterisk denotes strength of level
07:40 GMT - Extending choppy trade above the 1.7800 level to retest the 1.7950/75 highs but the narrow ranging action keep the 1.8000 level out of reach. Clearance here with extend gains from the 1.7700 support and open up the July high at 1.8100 to retest. Meanwhile, support at 1.7800 congestion and extending to the 1.7700 level should underpin and limit corrective pullback. Break of these will fade the upside bias and leave the way open for deeper pullback to retrace the May/July rally.