Published: 2025-01-21T08:10:31.000Z
Chart EUR/AUD Update: Extend choppy trade within the 1.6700/1.6500 area
Technical Analyst
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Little change, as prices extend choppy trade around the 1.6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6872 | * | 6 Aug high | S1 | 1.6600 | * | congestion | |
| R3 | 1.6800 | ** | Dec high | S2 | 1.6500 | * | congestion | |
| R2 | 1.6700 | * | congestion | S3 | 1.6400 | * | congestion | |
| R1 | 1.6678 | * | 10 Jan high | S4 | 1.6350 | ** | congestion, 9 Dec low |
Asterisk denotes strength of level
08:10 GMT - Little change, as prices extend choppy trade around the 1.6600 level following bounce from the 1.6500 support. Resistance is at he 1.6678/1.6700 congestion area and break here needed to expose the 1.6800 high to retest. Daily studies are mixed and suggest further ranging action within the 1.6700/1.6500 area. Would take break of the 1.6500 support to open up room for deeper pullback to retrace the November/December rally. Lower will see room for pullback to the strong support at the 1.6400/1.6350 area.