Published: 2025-07-24T00:18:25.000Z
Chart AUD/USD Update: Break to fresh year high
Technical Analyst
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Break above the .6550 congestion see prices extending gains from the .6454 low of last week to reach fresh year high at the .6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | S1 | 0.6550 | * | congestion | |
| R3 | 0.6700 | * | 76.4% Sep/Apr fall | S2 | 0.6500 | * | congestion | |
| R2 | 0.6688 | * | 7 Nov high | S3 | 0.6454/50 | ** | 17 Jul low, congestion | |
| R1 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S4 | 0.6400 | ** | Feb high, congestion |
Asterisk denotes strength of level
00:10 GMT - Break above the .6550 congestion see prices extending gains from the .6454 low of last week to reach fresh year high at the .6600 level. Positive daily studies suggest consolidation here giving way to extension of the broader gains from the April low retrace losses from the September high. Break will open up scope to .6688 resistance and .6700, 76.4% Fibonacci level. Meanwhile, support is raised to the .6550/40 congestion area which is expected to underpin and sustain bounce from .6454 low.