Published: 2025-07-03T13:45:47.000Z
Chart AUD/USD Update: Balanced at year highs
Senior Technical Strategist
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Little change, as flattening overbought daily stochastics prompt choppy trade at fresh year highs just below congestion resistance at 0.6600
| 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
14:40 BST - Little change, as flattening overbought daily stochastics prompt choppy trade at fresh year highs just below congestion resistance at 0.6600. The daily Tension Indicator continues to rise and broader weekly charts have ticked up, suggesting room for further strength in the coming sessions. A break above 0.6600 will improve sentiment and extend April gains towards strong resistance at the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement. Meanwhile, support remains at congestion around 0.6500 and should underpin any immediate setbacks.