Published: 2025-10-07T07:31:45.000Z
Chart EUR/AUD Update: Consolidating, room for lower later
1
Turned up from the 1.7650 low as prices consolidate losses from the 1.7932, September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8100 | * | Jul high | S1 | 1.7650 | 6 Oct low | ||
| R3 | 1.8000 | * | congestion | S2 | 1.7600 | ** | congestion, 61.8% | |
| R2 | 1.7900/32 | ** | congestion, 23 Sep high | S3 | 1.7500 | * | congestion | |
| R1 | 1.7800 | * | 4 Sep low | S4 | 1.7465 | * | 76.4% May/Aug rally |
Asterisk denotes strength of level
07:20 GMT - Turned up from the 1.7650 low as prices consolidate losses from the 1.7932, September high. Consolidation is expected to give way to renewed selling pressure later to retrace the May/August rally. Lower will see extension to support at the 1.7600 congestion and 61.8% Fibonacci level. Break here will open up room to 1.7500 congestion then 1.7465, 76.4% Fibonacci level. Meanwhile, resistance at the 1.7800 congestion now expected to cap and sustain losses from 1.7932 high.