Published: 2025-05-29T00:22:48.000Z
Chart AUD/USD Update: Under pressure, .6400 support at risk
Technical Analyst
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Leaning lower as prices extend pullback from fresh year high at .6537 to approach support at .6400
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6537 | ** | 26 Apr YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6250 | 10 Apr high |
Asterisk denotes strength of level
00:20 GMT - Leaning lower as prices extend pullback from fresh year high at .6537 to approach support at .6400. Negative daily studies threatens break here to open up strong support at the .6355/.6345 lows to retest. Would expect this area to underpin and limit corrective pullback. Below here will open up room for deeper retracement of the April/May rally. Meanwhile, resistance is at the .6500 congestion. Clearance here needed to return focus to the .6537 high and see scope for break to extend the April gains to the .6600/.6650 congestion area.