4 November 2025,05:54
Chart The Market
4 November 2025, 05:54
EURGBP, H4:
The EUR/GBP pair faced a decisive rejection at the significant 0.8811 resistance level in the previous session, subsequently recording a sharp decline of 0.65%. The sell-off has brought the pair to a critical technical support level, which now serves as a pivotal juncture for near-term direction.
While a technical rebound from this support zone is a plausible scenario, momentum indicators suggest bearish pressure is accelerating. The Relative Strength Index (RSI) is trending lower from neutral levels, and the Moving Average Convergence Divergence (MACD) is losing traction, both supporting a near-term negative bias. This momentum configuration increases the likelihood that the pair will further test the more substantial support confluence around the 0.8740 mark.
A breach below this immediate support could see the decline extend towards the next significant liquidity zone. However, a dip into this deeper support area may ultimately trigger a more pronounced technical rebound as longer-term buyers and profit-takers emerge. The pair’s trajectory will be determined by its ability to hold above the 0.8740 handle; a failure here would signal a continuation of the bearish leg.
Resistance Levels: 0.8811, 8860
Support Levels: 0.8745, 0.8660
AUDNZD, H4
The AUDNZD pair continues to exhibit formidable bullish momentum, establishing a consistent pattern of higher highs and achieving a decisive breakout through multiple key resistance levels. The pair is now trading at its strongest level since November 2022, confirming a significant structural shift and providing a strong bullish signal for the medium-term trajectory.
This conviction is underscored by a ten-session consecutive gain, a pattern that highlights intense buying pressure. However, with the rally becoming increasingly extended, traders should remain vigilant for a potential technical pullback or consolidation phase. The key gauge for any bearish retracement will be the pair’s ability to hold above the primary uptrend support line; a breach of this dynamic support would be the first technical sign of exhaustion.
Momentum indicators reflect the current market state. The Relative Strength Index (RSI) has advanced into overbought territory, signaling that the pair is vulnerable to a short-term pause. Nevertheless, the Moving Average Convergence Divergence (MACD), while flattening, continues to hold firmly in positive territory, suggesting the underlying bullish trend remains intact. The path of least resistance is presently higher, with any near-term dips likely to be viewed as corrective within the broader bullish structure.
Resistance Levels: 1.1530, 1.1605
Support Levels:1.1415, 1.1340
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