Published: 2026-01-02T07:01:06.000Z
Chart EUR/AUD Update: Consolidating retest of 1.7480 low
2
dged up from retest of the 1.7480 December low as prices consolidate losses from the 1.7800 swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7900 | * | congestion | S1 | 1.7480 | ** | 9 Dec low | |
| R3 | 1.7800 | ** | congestion, 18 Dec high | S2 | 1.7400 | * | congestion | |
| R2 | 1.7700 | * | congestion | S3 | 1.7250 | ** | May low | |
| R1 | 1.7600 | congestion | S4 | 1.7200 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Edged up from retest of the 1.7480 December low as prices consolidate losses from the 1.7800 swing high. The resulting flag pattern suggest risk for break to extend choppy pullback from the 1.8160, August/October highs. Lower will see room to support at the 1.7400 congestion. Break of the latter will turn focus to support at the 1.7250, May low. Meanwhile, resistance is lowered to the congestion at the 1.7600/1.7700 area which is expected to cap and sustain pullback from resistance at the 1.7800 level.