Published: 2025-01-20T09:09:36.000Z
Chart AUD/USD Update: Choppy in range
Senior Technical Strategist
1
Little change, as prices extend choppy trade around congestion support at 0.6200
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400 | ** | break level | S1 | 0.6200 | ** | congestion | |
| R3 | 0.6350 | break level | S2 | 0.6131 | * | 13 Jan YTD low | ||
| R2 | 0.6300 | ** | congestion | S3 | 0.6100 | ** | 76.4% ret of 2020-2021 rally | |
| R1 | 0.6246 | * | 15 Jan (w) high | S4 | 0.6000 | ** | figure |
Asterisk denotes strength of level
08:55 GMT - Little change, as prices extend choppy trade around congestion support at 0.6200. Rising intraday studies and the positive daily Tension Indicator highlight potential for a fresh test higher towards the 0.6246 weekly high of 15 January. But flat overbought daily stochastics and mixed weekly charts are expected to limit any immediate break in renewed selling interest towards congestion around 0.6300. Meanwhile, support remains down to the 0.6131 current year low of 13 January and the 0.6100 Fibonacci retracement. Any immediate pullback should give way to consolidation above here.