FX.co ★ Blackpink | EUR/AUD

EUR/AUD Daily Forecast The EURAUD daily chart shows a moderately corrective phase unfolding after a powerful bullish leg that moved from the low in the area of 1.7620 on October 8, 2025, to the recent swing peak in the area of 1.8120 set on October 17. The rally was marked by two successive wide-bodied bullish candles that indicated an aggressive upside impulse after an extended consolidation in late September and early October. The correction from the high of 1.8120 has turned the pair toward a consolidation phase, and is why the pair is now trading in the 1.7840 vicinity, which is close to the 50% retracement level of the previous bullish leg, around 1.7840. Overall market sentiment indicates that the buyers are hesitating in order to await validation of fresh strength, while sellers are trying to test the short-term trend in a larger bearish framework. The new candle formation on the chart is a small-bodied candle hanging just underneath the 1.7850 handle, after a previous bearish candle that closed with a clear lower shadow. Such a setup indicates a short-term balance between buyers and sellers after three consecutive bearish sessions. The presence of the long lower wick on the previous candle reveals that buyers stepped in to defend the 1.7820–1.7800 zone, which coincides closely with the 50% retracement level and the vicinity of the 100-day moving average. The new candle’s reduced range and hesitation indicate that the market is waiting for direction, possibly forming a short-term base from which a minor rebound could occur if support holds firm. But a close below 1.7800 on a daily basis could leave deeper correction targets to the 61.8% Fibonacci retracement at 1.7780, which is the next technical cushion for long traders. Taking note of the previous candles gives us good insight into the present market beat. The significant bullish candle printed on October 13 played a crucial role in cracking the mid-range resistance at 1.7870, unleashing a rally that took the pair to the October high at 1.8120. That reckless action tipped sentiment distinctly bullish in the market and aligned the short-term moving averages with the larger uptrend. However, the powerful rejection wick on October 17 at the 1.8120 resistance indicated profit-taking and initiated the current pullback. The impact of that bearish rejection is still in play, as each subsequent attempt to re-catch support above 1.7930 has been greeted by fresh selling pressure. Structurally, the pair is still within an uptrending recovery channel that started in early October, albeit momentum has softened marginally at the channels midline. Price is now resting on a cluster of moving averages—the 20-day and 50-day lines—indicating that this is a point of significance for the next direction. Above these changing supports will continue the bullish setup and leave the door open for another rally towards 1.7950 first, then 1.8020 if momentum picks up. A move above 1.8020 would confirm the ongoing October uptrend and reveal the 1.8120–1.8150 area to be the next significant level of resistance. On the other hand, prolonged weakness below 1.7800 would move the near-term focus to the lower limit of the corrective pattern around 1.7740, which coincides with the 61.8% retracement and a significant price pivot observed previously in September. Below this point, a steeper plunge might challenge 1.7620—the source of the previous rally—where a more robust accumulation of demand is expected to resurface. The MACD histogram is still positive but keeps flattening, which indicates decaying bullish momentum. RSI is trading around 50, which indicates equilibrium conditions after extreme fluctuations between 70 and 40 over the last two weeks. The stochastic oscillator is meanwhile stuck in oversold levels around 15, which means that selling pressure should soon start to deteriorate and a short-term rebound may be ahead. Summary, EURAUD is currently consolidating in a corrective pullback after a strong mid-October rally. The current candle formation indicates indecision at the 50% retracement level, which is being tested for support. The effects from prior bullish movements remain, but the behavior around the current support will determine whether the pair strengthens its upward movement or extends its retracement toward 1.7780. If the pair remains above 1.7950, that will suggest the potential for new upward momentum; however, a daily close below 1.7800 is likely to initiate a significant correction before the trend resumes.