Published: 2025-07-22T13:54:55.000Z
Chart AUD/USD Update: Consolidating
Senior Technical Strategist
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Still little change, as prices extend choppy trade around 0.6530
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | 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
14:25 BST - Still little change, as prices extend choppy trade around 0.6530. Intraday studies are rising, suggesting room for a test of 0.6550. But mixed daily readings and deteriorating weekly charts should limit any extension beyond here in renewed selling interest beneath congestion around 0.6600. Meanwhile, support is at congestion around 0.6500. A later break beneath here will add weight to sentiment and extend losses initially to further congestion around 0.6450. However, a break below 0.6360 is needed to extend July losses and confirm a near-term top in place around 0.6600.