Published: 2026-01-16T14:57:24.000Z
Chart AUD/USD Update: Cautious trade
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Still little change, as prices extend consolidation within the 0.6650 - 0.6700 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6800 | ** | break level | S1 | 0.6650 | congestion | ||
| R3 | 0.6765~ | * | 7 Jan YTD high | S2 | 0.6600 | ** | congestion | |
| R2 | 0.6750 | * | congestion | S3 | 0.6550 | * | congestion | |
| R1 | 0.6700 | * | congestion | S4 | 0.6500 | ** | congestion |
Asterisk denotes strength of level
14:45 GMT - Still little change, as prices extend consolidation within the 0.6650 - 0.6700 range. Prices are currently pressuring resistance at congestion around 0.6700. But unwinding overbought intraday studies and mixed/negative weekly charts are expected to limit any break in renewed selling interest towards further congestion around 0.6750. In the coming sessions, further consolidation is looked for, before deteriorating weekly charts prompt fresh tests lower. A break below congestion support at 0.6650 will add weight to sentiment and signal a near-term top in place around 0.6765~, as focus turn turns to 0.6600.