Published: 2025-11-12T00:16:44.000Z
Chart AUD/USD Update: Consolidating, room for higher later
1
Little change, as prices holds a narrow range below Monday's .6540 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6707 | ** | 17 Sep YTD high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625/30 | ** | Jul, Oct highs | S2 | 0.6458 | * | 5 Nov low | |
| R2 | 0.6600 | * | congestion | S3 | 0.6440 | ** | Oct low | |
| R1 | 0.6550 | * | congestion | S4 | 0.6415/00 | ** | Aug low, congestion |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices holds a narrow range below Monday's .6540 high. Consolidation here expected to give way to renewed buying interest later with positive daily studies suggesting potential for break here and .6550 congestion to open up room for extension to retest strong resistance at the .6600 level and .6625/30 highs. Meanwhile, support is raised to the .6520/00 area which should underpin and sustain bounce from the .6458 low. Only below the latter will threaten critical support at .6440/.6415, October/August lows.