Published: 2026-01-14T08:01:48.000Z
Chart EUR/AUD Update: Extend consolidation at 1.7400 level
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Little change, as prices extend consolidation around the 1.7400 level and unwind oversold daily studies
| 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
07:50 GMT - Little change, as prices extend consolidation around the 1.7400 level and unwind oversold daily studies. Resistance is at the 1.7480 December low, clearance here will see room to the strong resistance at the 1.7570/1.7600 congestion area which is expected to cap. Corrective bounce is expected to give way to fresh selling pressure later to retest the 1.7290 low. Break here will see room for extension to strong support at 1.7260/50, 50% Fibonacci level and May low. Lower still, will see deeper pullback to retrace the 2024/2025 rally.