Published: 2025-01-10T00:21:56.000Z
Chart AUD/USD Update: Weighing on .6200/.6170 support
Technical Analyst
1
Prices remain under pressure to retest support at the .6200 level and .6170, 2022 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400 | * | congestion | S1 | 0.6200 | * | congestion | |
| R3 | 0.6348 | ** | Aug low | S2 | 0.6170 | ** | 2022 year low | |
| R2 | 0.6300 | * | congestion | S3 | 0.6100 | * | 76.4% 2020/2021 rally | |
| R1 | 0.6270 | * | Oct 2023 year low | S4 | 0.6000 | * | figure |
Asterisk denotes strength of level
00:10 GMT - Prices remain under pressure to retest support at the .6200 level and .6170, 2022 year low. Consolidation here expected to give way to selling pressure later and break here will further extend the broad bearish trend from the 2021 high and see room to the .6100, 76.4% Fibonacci level. Meanwhile, resistance remains at the .6270/.6300 area and is expected to cap bounce attempt. Would need to clear this to ease the downside pressure and see room for stronger bounce to retrace losses from the September high and see room to the .6348 resistance and .6400 level.