Published: 2026-01-05T07:59:00.000Z
Chart EUR/AUD Update: Weighing on 1.7480, December low
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Extending consolidation at the 1.7480 December low but pressure remains on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.7900 | * | congestion | S1 | 1.7480 | ** | 9 Dec low | |
| R3 | 1.7800 | ** | congestion, 18 Dec high | S2 | 1.7400 | * | congestion | |
| R2 | 1.7700 | * | congestion | S3 | 1.7250 | ** | May low | |
| R1 | 1.7600 | congestion | S4 | 1.7200 | * | congestion |
Asterisk denotes strength of level
07:50 GMT - Extending consolidation at the 1.7480 December low but pressure remains on the downside following choppy pullback from the 1.8160, August/October highs. Daily studies are stretched but negative weekly chart keeps pressure on the downside and lower will see room to support at the 1.7400 congestion. Break of the latter will turn focus to support at the 1.7250, May low. Meanwhile, resistance remains at the 1.7600/1.7700 congestion area which is expected to cap and sustain pullback from 1.7800, December swing high.