Published: 2026-01-20T07:30:57.000Z
Chart EUR/AUD Update: Under pressure
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Lower in consolidation below the 1.7480 resistance to retest the 1.7300/90, congestion and 7 January low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7600 | ** | congestion | S1 | 1.7290 | * | 7 Jan low | |
| R3 | 1.7570 | * | Oct, Nov lows | S2 | 1.7260/50 | ** | 50% 2024/2025 rally, May low | |
| R2 | 1.7480 | * | Dec low | S3 | 1.7200 | * | congestion | |
| R1 | 1.7400 | * | congestion | S4 | 1.7110 | * | Apr low |
Asterisk denotes strength of level
07:25 GMT - Lower in consolidation below the 1.7480 resistance to retest the 1.7300/90, congestion and 7 January low. Break here will extend losses from the September high and see extension to strong support at 1.7260/50, 50% Fibonacci level and May low. Lower still, will extend the broader losses from the April 2025 year high to the 1.7200 level and the 1.7100/1.7050, congestion and April low. Meanwhile, resistance at the 1.7400/80 congestion and December low now expected to cap and extend losses from the 1.8160, August/October highs.