Published: 2025-01-22T15:00:14.000Z
Chart AUD/USD Update: Room for higher in the coming sessions
Senior Technical Strategist
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Little change, as mixed intraday studies extend consolidation beneath congestion resistance at 0.6300
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6475 | ** | 61.8% ret of Nov-Jan fall | S1 | 0.6200 | ** | congestion | |
| R3 | 0.6400 | ** | break level | S2 | 0.6131 | * | 13 Jan YTD low | |
| R2 | 0.6350 | break level | S3 | 0.6100 | ** | 76.4% ret of 2020-2021 rally | ||
| R1 | 0.6300 | ** | congestion | S4 | 0.6000 | ** | figure |
Asterisk denotes strength of level
14:50 GMT - Little change, as mixed intraday studies extend consolidation beneath congestion resistance at 0.6300. Daily readings continue to improve and broader weekly charts are improving, highlighting potential for fresh gains in the coming sessions. A close above 0.6300 will improve sentiment and extend January gains initially to 0.6350. Meanwhile, support remains down to congestion around 0.6200 and is expected to underpin any fresh tests lower.