Published: 2025-04-11T00:21:48.000Z
Chart AUD/USD Update: Consolidating below .6260 resistance
Technical Analyst
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Exending gains from the .5913 low and break above the .6200 level see prices approaching resistance at .6260
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440/50 | * | 14 Nov low, congestion | S1 | 0.6200 | congestion | ||
| R3 | 0.6400/08 | ** | congestion, Feb YTD high | S2 | 0.6131/00 | ** | Jan low, congestion | |
| R2 | 0.6300 | * | congestion | S3 | 0.6000 | * | congestion | |
| R1 | 0.6260 | * | 11 Mar low | S4 | 0.5913 | ** | 9 Apr TD low |
Asterisk denotes strength of level
00:15 GMT - Exending gains from the .5913 low and break above the .6200 level see prices approaching resistance at .6260, congestive lows. Consolidation below the latter see prices unwinding overbought intradat studies but positive daily chart suggest scope for break to open up room to the .6300 level. Beyond this will return focus to the .6400/08, February YTD high. Meanwhile, support is raised to .6200 level. Below here will open up room for deeper pullback to the .6131/.6100 area which is expected to underpin and sustain gains from the .5913 low.