Published: 2026-01-06T07:46:02.000Z
Chart EUR/AUD Update: Extending losses
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Break of the 1.7480 December low see prices extend losses from the 1.8160, August/October highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7700 | * | congestion | S1 | 1.7400 | * | congestion | |
| R3 | 1.7600 | ** | congestion | S2 | 1.7260/50 | ** | 50% 2024/2025 rally, May low | |
| R2 | 1.7570 | * | Oct, Nov lows | S3 | 1.7200 | * | congestion | |
| R1 | 1.7480 | * | Dec low | S4 | 1.7110 | * | Apr 2025 low |
Asterisk denotes strength of level
07:45 GMT - Break of the 1.7480 December low see prices extend losses from the 1.8160, August/October highs. Negative daily studies keeps pressure firmly on the downside and see room to target support at the 1.7400 congestion. Break of the latter will see room to the 1.7260/50, 50% Fibonacci level and May low. Meanwhile, resistance is lowered to the December low at 1.7480 which is expected to cap. Only above here will see room for stronger corrective bounce to strong resistance at the 1.7570/1.7600, October/November lows and congestion area.