Published: 2025-09-17T07:05:31.000Z
Chart EUR/AUD Update: Corrective bounce from 1.7600, 61.8% Fibonacci level
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Saw bounce from support at the 1.7600 congestion and 61.8% Fibonacci level as prices unwind the oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8100 | * | Jul high | S1 | 1.7700 | * | congestion | |
| R3 | 1.8000 | * | congestion | S2 | 1.7600 | * | congestion, 61.8% | |
| R2 | 1.7900/10 | * | congestion | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 4 Sep low | S4 | 1.7465 | * | 76.4% May/Aug rally |
Asterisk denotes strength of level
07:10 GMT - Saw bounce from support at the 1.7600 congestion and 61.8% Fibonacci level as prices unwind the oversold daily studies and correct losses from the 1.8155, August high. Break above the 1.7700 level opens up room for strong correction to the 1.7800 level. Corrective gains are expected to give way to renewed selling pressure later for retest of the 1.7600 low. Break here will see room for deeper pullback to 1.7500 level and 1.7465, 76.4% Fibonacci level. Lower still, will see room to strong support at 1.7400.