Chart AUD/USD Update: Studies continue to track lower

Asterisk denotes strength of level

14:30 BST - Anticipated losses have drifted lower to 0.6415, where unwinding positive divergence on intraday studies is prompting short-term consolidation. Daily readings continue to point lower and broader weekly charts are negative, highlighting room for still further losses in the coming sessions. Support remains at 0.6400. A break beneath here will open up critical support within the 0.6335 Fibonacci retracement and 0.6360. However, by-then oversold daily stochastics and rising longer-term readings are expected to limit any initial tests in consolidation. Meanwhile, a close back above congestion resistance at 0.6450 will help to stabilise price action and prompt consolidation beneath further congestion around 0.6500.