Published: 2025-01-23T00:12:36.000Z
Chart AUD/USD Update: Stays below the .6300 resistance
Technical Analyst
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Little change, as prices extend consolidation within a narrow range beneath the .6300 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440 | * | 14 Nov low, 38.2% | S1 | 0.6200 | * | congestion | |
| R3 | 0.6400 | * | congestion | S2 | 0.6170 | * | 2022 year low | |
| R2 | 0.6348/62 | * | Aug/Apr lows | S3 | 0.6131 | ** | 13 Jan YTD low | |
| R1 | 0.6300 | * | congestion | S4 | 0.6100 | * | 76.4% 2020/2021 rally |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation within a narrow range beneath the .6300 congestion. Break here will confirm 5-week bottom pattern in place at the .6131 low and see room for stronger recovery to retrace the sharp losses from the September high. Higher will see extension to resistance at the .6348/.6362 previous lows then the .6400 level. Meanwhile, support starts at .6250 congestion and this extend to the .6200 level. This area is expected to underpin and sustain gains from the .6131 low.