Published: 2025-03-13T14:58:49.000Z
Chart AUD/USD Update: Consolidating
Senior Technical Strategist
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Still little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400 | ** | break level | S1 | 0.6250 | * | break level | |
| R3 | 0.6385 | ** | 50% ret of Sep-Feb fall | S2 | 0.6200 | ** | congestion | |
| R2 | 0.6350 | minor congestion | S3 | 0.6131 | * | 13 Jan (m) low | ||
| R1 | 0.6300 | ** | congestion | S4 | 0.6100 | ** | 76.4% ret of 2020-2021 rally |
Asterisk denotes strength of level
14:45 GMT - Still little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around congestion resistance at 0.6300. Daily readings have turned mixed, suggesting potential for further consolidation, before unwinding overbought weekly stochastics prompt a fresh test lower. Support is at 0.6250, but the rising weekly Tension Indicator is expected to limit any break in fresh consolidation above congestion around 0.6200. Meanwhile, any immediate tests higher should meet fresh selling interest towards strong resistance at the 0.6385 Fibonacci retracement and the 0.6400 break level.