Published: 2026-01-08T14:59:59.000Z
Chart AUD/USD Update: Limited pullback
2
The anticipated test of 0.6700 is giving way to a break
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6800 | ** | break level | S1 | 0.6650 | congestion | ||
| R3 | 0.6765~ | * | 7 Jan YTD high | S2 | 0.6600 | ** | congestion | |
| R2 | 0.6750 | * | congestion | S3 | 0.6550 | * | congestion | |
| R1 | 0.6700 | * | congestion | S4 | 0.6500 | ** | congestion |
Asterisk denotes strength of level
14:45 GMT - The anticipated test of 0.6700 is giving way to a break, as intraday studies continue to track lower, with prices currently trading around 0.6690. Daily readings are also under pressure, highlighting room for continuation down to congestion support at 0.6650. But rising weekly charts and positive longer-term readings are expected to limit any initial tests in consolidation. A break, if seen, will open up 0.6600, where fresh buying interest is expected to appear. Following corrective trade, renewed gains are looked for. A close above 0.6750 will improve sentiment and extend April gains towards 0.6800.