Published: 2025-04-14T07:29:27.000Z
Chart EUR/AUD Update: Extending choppy trade around 1.8000
Technical Analyst
1
Extending choppy trade around the 1.8000 level as prices unwind the overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8600 | * | congestion | S1 | 1.8000 | * | figure, congestion | |
| R3 | 1.8555 | ** | 9 Apr YTD high | S2 | 1.7700 | * | 10 Apr low | |
| R2 | 1.8500 | * | 76.4% 2020/2022 fall | S3 | 1.7520 | * | 3 Apr high | |
| R1 | 1.8200 | * | congestion | S4 | 1.7415/00 | ** | Mar high, congestion |
Asterisk denotes strength of level
07:25 GMT - Extending choppy trade around the 1.8000 level as prices unwind the overbought daily studies. Resistance is at the 1.8200 congestion ahead of the 1.8500/1.8555, 76.4% Fibonacci level and 9 Apr high. Overbought daily and weekly studies suggest the latter capping and see scope for deeper corrective pullback. Consolidation at the 1.8000 level is expected to give way to selling pressure later and where break of the 1.7700 level will open up room for deeper pullback to 1.7520 then the critical support at 1.7415/00.