Published: 2026-01-08T07:44:49.000Z
Chart EUR/AUD Update: Extend corrective bounce
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Turned up from the 1.7290 low as prices unwind oversold intraday and daily studies to retrace recent sharp losses from the 1.7800, December high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7700 | * | congestion | S1 | 1.7290 | * | 7 Jan low | |
| 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 low |
Asterisk denotes strength of level
07:40 GMT - Turned up from the 1.7290 low as prices unwind oversold intraday and daily studies to retrace recent sharp losses from the 1.7800, December high. Above the 1.7400 level opens up room for stronger bounce to 1.7480 resistance. Higher still will see room to strong resistance at the 1.7600 congestion which is expected to cap. Corrective gains are expected to give way to fresh selling pressure later. Break of the 1.7290 low will see room for extension to strong support at 1.7260/50, 50% Fibonacci level and May low.