Published: 2025-09-30T00:29:50.000Z
Chart AUD/USD Update: Room for stronger corrective bounce
0
-
Turned up from the Friday's low at .6520 as prices unwind oversold daily studies to reach the .6575 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6660 | * | 18 Sep high | S1 | 0.6520 | * | 26 Sep low | |
| R3 | 0.6625 | ** | Jul high | S2 | 0.6500 | ** | congestion | |
| R2 | 0.6600 | * | congestion | S3 | 0.6450 | * | congestion | |
| R1 | 0.6575 | * | 24 Sep low | S4 | 0.6415 | ** | Aug low |
Asterisk denotes strength of level
00:15 GMT - Turned up from the Friday's low at .6520 as prices unwind oversold daily studies to reach the .6575 resistance. Higher will see room to extend correction to strong resistance at the .6600/.6625 congestion and July high which is expected to cap. Corrective gains are expected to give way to fresh selling pressure later. Meanwhile, support is raised to the .6550 congestion ahead of the .6520 low. Break of these will extend losses from the .6707 current year high and open up room to the .6500/.6450 congestion area.