Published: 2026-01-09T07:39:55.000Z
Chart EUR/AUD Update: Extend corrective bounce from 1.7290 low
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Turned up from the 1.7290 low to regain the 1.7400 level as prices 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
07:35 GMT - Turned up from the 1.7290 low to regain the 1.7400 level as prices retrace recent sharp losses from the 1.7800, December high. Daily studies have turned up from oversold areas and suggest 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 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.