Published: 2026-01-22T07:41:34.000Z
Chart EUR/AUD Update: Extending losses
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Break of the 1.7300 level has seen follow-through to break the support of the 1.7250 May low and 1.7200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7600 | ** | congestion | S1 | 1.7110 | * | Apr low | |
| R3 | 1.7480 | * | Dec low | S2 | 1.7050 | * | 26 Mar low | |
| R2 | 1.7400 | * | congestion | S3 | 1.7000 | * | figure, congestion | |
| R1 | 1.7300 | * | congestion | S4 | 1.6950 | * | 61.8% 2024/2025 rally |
Asterisk denotes strength of level
07:35 GMT - Break of the 1.7300 level has seen follow-through to break the support of the 1.7250 May low and 1.7200 level. Lower will extend the broader losses from the April 2025 year high and see room for continuation to support at the 1.7110/1.7050, April and 26 March lows. Lower still will see room to 1.6950, 61.8% Fibonacci level. Meanwhile, resistance is lowered to the 1.7300 congestion which is expected to cap and sustain losses from the August/October double top. Would need to regain this to open up room for stronger corrective bounce to 1.7400/80 resistance.