Published: 2025-07-10T13:53:55.000Z
Chart AUD/USD Update: Consolidating - room for a minor test lower
Senior Technical Strategist
1
Still little change, as prices extend cautious trade around 0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6400 | * | break level | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Still little change, as prices extend cautious trade around 0.6550. Overbought intraday studies are unwinding, suggesting potential for a minor pullback towards congestion support at 0.6500. But improving daily readings and rising weekly charts are expected to limit any break beneath here in renewed buying interest above further congestion around 0.6450. Meanwhile, resistance remains at congestion around 0.6600. A close above here, not yet seen, would turn sentiment positive and extend April gains towards the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement.